higher excess


5 Ways to Lower Your Car Insurance Premiums

  • August 19, 2022

The cost of living keeps on going up, but that doesn’t mean you should be paying more for your car insurance than you need to. With Budget Insurance, you can save money on your car insurance premiums, while getting all the coverage you need. Here are 5 top tips to help you save money on your premiums…


There is no question that having adequate car insurance is an essential expense. You just never know what can happen on the road and being fully protected isn’t a luxury – it’s a necessity. However, that doesn’t mean insurance premiums should exhaust your disposable income. In this article, Budget Insurance suggests a handful of ways in which you can reduce what you pay for car insurance every month.

1. Choose the type of car you drive carefully

Does the type of car you drive affect your car insurance premiums? Yes, it does. In fact, it’s a major consideration. The general rule of thumb is that the more expensive a car is, the higher you will pay for car insurance. This is because repairs or replacement costs will be higher in the event of the car being damaged or stolen.

But there are a few more factors to think about when buying a new set of wheels. This can include the vehicle’s age, whether it is a luxury model, safety features and the statistical chances of the car being involved in an accident or stolen.

Buying second-hand can be a good option, but consider these important factors before you shell out any money. This is because newer cars are equipped with more expensive features, which are more costly to replace than those in older models. Your vehicle’s body style could also have an impact on insurance costs. For example, SUVs garner

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