Car insurance has risen dramatically over the last few years (some companies are showing a rise of nearly 50% in their comprehensive price) however the fundamental principles in insuring your used car when compared to a new one are almost the same; that being said, you can carry out a few tweaks to ensure that you lower your insurance premiums with a used car.
If you have purchased a used motor through http://www.motors.co.uk/ then you will be looking for insurance and ways in which you can lower your premier overall. For a start you may want to decrease the overall value of your motor on the insurance application as declaring that the vehicle is worth more than it potential is will just add to the initial cost. Furthermore you may want to consider raising your deductibility that is the amount of money you are willing to pay for repairs etc… before your insurance comes in and pays for you. While having a fairly low excess can make a lot of sense when insuring a brand new car, with an older model that you have paid less for anyway you may want to pay out of your own pocket for minor cosmetic or mechanical repairs (especially if they were due anyway) rather than affecting your no claims bonus.
Furthermore, choosing your cover plan can be instrumental to getting your insurance costs down. If the car has been bought incredibly cheaply and is only a short term solution then do you really need to pay out for comprehensive cover when third party fire and theft would be wiser? If the vehicle isn’t worth much anyway then perhaps third party insurance would be better as it insures you against damages done to others and your own vehicle should it be stolen but doesn’t cover any accidental damage to your car and if you were planning on paying for those anyway or changing your used car in the near future then it can work out much cheaper than paying for comprehensive insurance.
