Phew, a bit of a toughie but let’s give it…
With the squeeze on finances due to recent events, let’s discuss what you can do to reduce your insurance premiums but still maintain your insurance policy to give yourself peace of mind.
An easy way to reduce insurance premiums is to have your insurance reviewed by an insurance adviser. It’s FREE and we do all the hard work for you. All you have to do is sit back knowing that we have got you the best insurance possible for a competitive price.
Choose a higher excess. The excess is all you will have to pay when you make a claim but please ensure this will be within your means as you don’t want to price yourself out of your policy.
If you have a comprehensive policy; this will include benefits you may not even know existed, for example, rental insurance cover or excess-free glass cover. Most insurance companies will let you lose these added benefits in return for lower premiums.
If you don’t need to insure a driver under 25 this can help reduce premium costs.
Opt for adding named drivers to your claim, this will mean those named on the claim will pay the same excess however those unnamed will face a higher excess if an accident occurred while they were driving.
Check that you have the correct policy for your situation, check out our blog on market value vs agreed value for more information on this.
Again, if you have a comprehensive policy this may come with extras such as $100 excess on eyewear, or excess-free glass cover. By removing these extras, you should be able to reduce your premiums.
Want to know more? Get in touch and see why so many people trust us with their insurance needs.