Vehicle insurance: 7 ways to cut those premiums

  • Vehicle insurance needn’t be a headache
  • Get advice – a personal agent is useful
  • Shop around – difference can be amazing!

SECURING THE CORRECT vehicle insurance can be something of a headache but, once you’ve signed up, it, can be off-putting if you later learn  how many ways you could have reduced your monthly payments.

IAM RoadSmart, a British road-safety and driving advice organisation, has sent to The Corner a number of tips that might help to reduce your motor insurance costs. Here’s some advice from RoadSmart’s head of driving and riding standards, Richard Gladman, has to say…


Take an advanced driving course. Most insurers recognise such courses and (assuming you pass!) may offer a discount.

Shop around when renewing your insurance. It’s the best way to get the best deal. Or , of course, use a reputable insurance professional.

Consider downsizing. Having an expensive car – perhaps a  4×4 SUV or a sports model – is a wonderful dream but price in the insurance! Such vehicles are usually much more expensive to insure than a normal family car because of the likely his cost of repair.

“Cars are insurance-rated from 1-50,” Gladman explains, “so the lower the number the better if you want to contain costs.”


Location plays an important part in determining your insurance premiums. If you move home the change in postal code could affect payments. Consider that in your budget.

Changing the amount of excess – the cash contribution you will be expected to cough up after a collision –  can make a difference to your annual or monthly premiums but make sure you’re happy about the amount.

Stay away from car modification. Many  young drivers change to alloy wheels with alternative tyres or attach a body kit. This is something to avoid – the changes to the standard vehicle can invite higher premiums.

If you’re still keen to modify your vehicle consult your insurer and make sure the change(s) is included on your insurance policy.


Consider using a telematics-based black-box installation – something to add to your vehicle if it is to be used mainly by younger – and consequently less-experienced –  drivers. Some insurers offer cellphone-linked apps to monitor car use and driving behaviour.

Premiums will then be adjusted to reflect real-world driving performance.

Gladman said: “Insurance is a motoring essential and shopping around has never been easier – but beware. Insurance companies now share data on crash history so never be economical with the truth.

“Postcode, driving history, insurance rating, and the driver(s) driver age(s) will always be the basis for premiums but follow our simple tips and you should be able to make savings.”

Richard Gladman is IAM RoadSmart’s head of driving and riding standards.


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