Getting around Australia can be expensive, especially when it comes to car insurance. Unexpected repair bills after an accident can really hurt your wallet, and insurance premiums themselves add up. The good news is, you can take control and save money by comparing your options with Compare The Market.
When your car insurance renewal notice arrives, don’t just accept it. Instead, jump online or use the Compare the Market app to explore a range of car insurance policies in minutes. You might be surprised at the savings you could unlock – potentially hundreds of dollars! Taking a closer look at your current policy and comparing it with others could reveal even more ways to reduce your costs.
Experts at Compare the Market offer these key tips to potentially lower your car insurance premiums:
- Increase Your Excess: If you’re a careful driver, consider increasing your excess (the amount you pay out-of-pocket in case of a claim). This can lead to a significant reduction in your annual premium.
- Low Kilometer Policy: Driving less due to working from home? A low kilometer policy might be a perfect fit and save you money.
- Restrict Driver Age: If your children are older and no longer need to be included on your policy, restricting your policy to drivers over 25 can result in substantial savings.
- Pay Annually: Car insurers often charge more for monthly or fortnightly payments. Paying your annual premium upfront can save you money overall and simplify your finances.
Remember, you don’t have to wait for your renewal date to switch car insurance. You can compare policies and switch providers at any time, regardless of your current policy end date. Just be sure to check for any potential cancellation fees.
Don’t wait any longer to see if you can get a better deal on your car insurance. Compare the Market today and start saving!
