Top tips to reduce your car insurance

eu stars

Insurance Premium Top Tips

Finding affordable car insurance is becoming an increasingly difficult task. With so many different car insurance companies and brokers online your options are now more plentiful, however the loops to qualify for the insurance are becoming more difficult to jump through. The tips below should help you navigate your way through the market finding the best premium available.

1. Vehicle

Sports cars, modified cars and vehicles with high engine cc or a high brake horse power (BHP) are classed as high risk vehicles and this will be reflected in the premium. So before you purchase a vehicle, ensure that you get a quotation from your insurance company.

2. Value your vehicle correctly

Valuing your vehicle for more than its worth, is pointless and will only add to increasing your premium. In the unfortunate event that your vehicle is written off by your insurance company, you will only be paid out a fair market valuation of what your vehicle was worth at the time of write off.

Vehicle Management System (VMS) who is the parent company of currently provide the majority of Insurance companies throughout Ireland, a fully auditable fair market valuation, which is avaialble to the general public at

3. Additional Policies and Discounts

If you have a home insurance policy with the same company, you may be entitled to discount off your car insurance.

4. Experience

If you are in a position to add a driver to your policy that has more recorded driving experience, this may assist in reducing the risk and potentially lower your premium.

5. Increase your excess

If you have not been involved in an accident or claim for a number of years, you may be able to opt for an increased excess charge in order to reduce your overall premium.
An excess is the amount of money that you must pay upfront if you submit a claim.

6. Incentives

Some insurance companies offer special discounts for safe driver or advanced driver schemes. These can include committing to taking a package of driving lessons, driving courses, driver monitoring and low vehicle usage (less than 5,000 km per year).

7. License

A full license with no penalty points will assist in reducing your premium.

8. Parking

If you have access to a garage to park your car in at night, mention this to your insurance company, as there may be an additional discount due to this.

9. Breakdown service

The majority of car insurance policies tend to include a breakdown service. If your vehicle is brand new, it is more than likely that the vehicle will include a 12 month breakdown service by the manufacturer, so request that this is removed from your premium.

It is always advised that you have some form of breakdown cover or assistance, so check with vehicle manufacturer, insurance company or 12 Month Breakdown Membership assistance.

10. Comprehensive or Third Party

When insuring your vehicle, it is worth taking some time to consider whether a comprehensive or third party policy is for you.
Normally if the vehicle is relatively old (not a classic car) and not overly expensive, it may be worth considering opting for a third party policy in order to reduce your premium.


Justin Kavanagh
Justin Kavanagh is a recognised leader in automotive intelligence and vehicle data supply to the entire motor industry. He has almost 20 years experience in building systems from the ground up. As the Managing Director of Vehicle Management System, he understands the need and importance of trustworthy and reliable vehicle history and advice to both the trade and the public.
Follow me on LinkedIn

eu stars