I got £50 off my car insurance renewal quote in under 20 minutes

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Car insurance is one of those adult things you’re reluctant to pay for, but it’s absolutely essential. For some this can be a huge sum of money – especially for new drivers – and with the cost of living crisis looming, it’s just another stress to think about.

I had my car for five years in April, a little Mitsubishi Colt which I affectionately named Missy when I bought it as my first motor in 2017. It cost me £1300, an extra arm and leg in warranty and about £900 in insurance for my first year.

Slowly but surely, without any claims on my insurance, my renewal price has come down year on year, costing me £572 in 2020, down to £509 in 2021.

This year my insurance renewal with Elephant jumped to £341, which I already felt quite happy with, down £168 from last year – almost a third.

But there are a few things I do to try to keep my insurance costs as low as possible, and one go-to tip for getting it even cheaper.

First, I have a multi-car policy with both my parents, with many insurers offering discounts when households put more than one car on a policy. Money saving expert let’s say it’s “not always the cheapest option”, but we found it worked well for us.

I also have my mom and dad as named drivers on my policy, like Go compare says, “Putting an extra driver on your policy can lower your premiums, if they’re experienced. Always be honest about the primary driver or you will invalidate your coverage.

Premiums tend to vary depending on age, gender, occupation and zip code, as well as where you park and the type of car insured. Working from home meant I could limit my annual mileage, so I set mine at 5,000 per year. Fewer miles means you pose a lower risk to insurers, so cheaper to insure, according to Go Compare.

Other ways to cut my insurance money is to pay annually rather than monthly to avoid interest charges. MoneySuperMarket data has shown that an average motorist can save over £200 paying off each year, with some drivers, such as 17 to 24 year olds, looking at much bigger savings because their premiums are so high.

Compare the market added: “Paying your auto insurance premium all at once, on an annual basis, is the cheapest way to do it. This is because you won’t have to worry about interest being added to the amount. You also won’t have to think about it again for the next 12 months.

“Unfortunately, not everyone is able to pay their car insurance annually. If you can’t afford to pay all at once, the majority of insurers offer the option of paying in monthly installments. But monthly payments are also accompanied by interest payments.

I am lucky to be able to pay for car insurance in one payment. To do this, I put what I would pay monthly throughout the year in a savings account.

So while my personal quote was £341 for full cover this year, the total bill including my parents’ cars was £806.27 – but even still I managed to get £51 additional to reduce the cost without changing anything. politics.

All I did was phone the insurers and ask if there were any additional discounts that could be applied to the account because if you don’t ask you get nothing.

And the team on the phone was able to apply a reduction of £20 on my policy and £15 each on my parents’ cars, bringing our total down to £755.27.

I wasn’t even on the phone for 20 minutes after confirming the policy details. I’ve been with Elephant for six years now and they’ve given me a “loyalty” thank you discount, but it’s always worth calling your insurers and asking, no matter how long you are with them.

Elephant’s website states: “At Elephant, we work hard to give people what they want. We will try to provide you with a cheaper auto insurance quote while maintaining the high quality service our customers deserve.

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