Tips to save £1,000 on your car insurance

Financial advice website Moneysupermarket.com has advised Brits on simple solutions they can take to reduce the premiums on their car insurance premiums especially during this time of recession.

According to moneysupermarket.com, car insurance coverage is a legal requirement for every car owner but said consumers should not be paying too much particularly in times of financial hardship and with Christmas just around the corner when expenses are shooting up.

The most important way to save on your car insurance premium is to be smart and look around to look for the best deal. This would easily enable consumers to save at least £157. A consumer can save an additional £39 by adding a partner to the policy, the website said.

Another convenient way to save on your cash is by car-pooling to save on mileage. This will save you at least £12, you can also take a full comprehensive coverage of your car instead of third party (additional £90).

Young drivers can also add an older relative to their policy which could mean savings of up to £601. In all, you can save a total of £909 on your auto insurance, the company said.

Steve Sweeney, insurance expert at moneysupermarket.com, said, “Many people make the mistake of over-estimating the level of cover needed on their home and car insurance.

“At a time when we are likely to be splashing out on Christmas presents, it is important people remember that their outgoings can be trimmed by shopping around and taking several easy steps to reduce their insurance premiums.”

Latest data gathered from major auto insurers in the UK has revealed that you can find some of the cheapest car insurance policies in the country in Scotland.

The survey was made by moneysupermarket.com and covered seven postal areas in Scotland. The top seven areas with inexpensive coverage are Dunfermline, Glenrothes, Aberdeen, Grangemouth, Elgin and two in Dundee.