Insurance Companies use complex mathematical equations to calculate the cost of your insurance based on the details you provide them with.  There are a number of adjustments you can make to your personal details that will significantly reduce your premium.

Add an experienced driver to the policy: Adding an experienced driver such as a parent onto the policy can significantly reduce your insurance premium (providing they’ll use the car).  In several of our tests, adding a single parent to the policy reduced the premium by over £500 per year! This is the single most effective way of reducing your premium, and we highly recommend it.

Adjust your annual mileage: If you don’t drive your car often, make sure that you set a low annual mileage on your quote. Having an annual mileage of 10,000 if you only drive 3,000 each year may cost you more unnecessarily. Just because the national average is 10,000-12,000 doesn’t mean that you’ll drive that far.  Our tests showed this reduced premiums by up to £250 per year.

Increase the voluntary excess: Increasing your voluntary excess will usually lower your premium. Bear in mind that the reduction in premium can sometimes be significantly less than the increased excess so have a play around with different figures.

Change where you keep the car overnight: When getting an insurance quote, you have to tell the insurer where you keep the car at night (E.G. Garage, driveway, street). It seems logical that if you keep your car in a garage your premium will be less than if you keep it on a driveway.

Surprisingly however, our test highlighted that on occasion, it was more expensive to keep a car in a locked garage overnight than in a driveway! Try out the different options and see how the premium differs.  Remember that your insurance will be invalid if you lie, so do not select a garage if you don’t have a garage to store your car in!

Consider a Multi Car policy: If you have more than one car in your household, it may be cheaper for you to insure all of your cars together under one Multi Car policy than insuring them individually. Admiral provides a competitive Multi Car policy.

Choose a black box policy: Black Box policies are becoming more popular for young drivers and first car buyers. This is a small box that is fitted inside of your car and records how you drive. If you drive safely you may receive discounts on your premium (although if you’re deemed a dangerous driver your premium may rise!). Do be aware that these kinds of policies can have limitations such as not allowing you to drive after 11pm, so make sure you check out all the details before you buy.

Shop around: Try applying for quotes with several insurance companies directly as well as using multiple comparison websites (premiums often differ between them). One of our most useful tips is once you’ve found the cheapest insurer through a comparison site, go directly to the insurance company’s website and see if a direct quote is cheaper.