According to Allianz UK research; a majority of the country population is trying to make some cuts in their expenses for getting financial security. Due to the recession, 54% of the population is trying to reduce the insurance costs whereas 29% has already done it by switching to a better car insurance provider. The nine percent of the population is cutting the finances by removing the extras on the insurance policies like courtesy cars and legal cover. The further seven percent of the population has increased the voluntary excess payment for the claim has reduced this outgoing further.
The home and motor portfolio management head of Allianz UK commented that the financial head of the families are trying to control their expenses to manage the house expenses and save some money in the recession.
Many people are trying to remove the extras form their insurance policy like courtesy cars but make sure that you have a good way out for getting around in case of any accident happening. You can reduce the monthly installments of the insurance premium by paying out the excess voluntarily while claiming for the car insurance. You can also reduce your car insurance premium by removing the car parts that make your vehicle fast as such parts are perceived as risky and make the vehicle charge you more for the policy and the premium.
If you are trying to reduce the cost of your insurance policy then look at the current insurance policy for your car and the cover it is offering to you. Then investigate and compare the cost and services of other insurance providers for the same insurance policies. The customers can get further discount by applying online so try to apply online instead of post to get good deals for the insurance policy. The car insurance comparison site helps you in searching the best deal with affordable premium for your vehicle.
Get low cost insurance when you use car insurance comparison sites online to compare insurance quotes.