CAR insurance is one hefty bill we are always trying to get reduced.
And with lockdown, you may just be able to.
I spoke to Danny Butler, an insurance specialist from the comparison website finder.com, to get his top tips on driving down what you pay . . .
- QUERY IT: Danny says: “If you are not going to be using your car for work for a while, it is worth contacting your insurance provider and seeing whether you can reduce your expected annual mileage or update your car’s useage to exclude commuting from your policy.”
My tip: To save time, check if you can adjust your mileage online. For example, if you are insured with either Churchill, Direct Line or AXA, you do not need to phone them — you can adjust your mileage on their website. Most insurers have waived extra charge fees for changing this but check first, as some companies are charging customers to adjust their details.
- OFF ROAD: Danny says: “If you are absolutely certain you will not be driving your car for a while, another option would be to remove your car from the road completely and temporarily SORN your car.” A SORN is a Statutory Off Road Notification that you make to the DVLA.
My tip: Although temporarily keeping your car off the road may save you money in the long run, there can be cancellation charges when you SORN your car and you could also lose your no-claims bonus for the year, so make sure it is worth it.
But the SORN option could be worth thinking about if you have two cars in the household and are not going to need more than one for a while.
- CASH BACK: Danny says: “In terms of refunds, Admiral are giving £25 to all of their car, van and motorbike policy holders. LV customers also have the option to apply for a refund, but only if you can prove that you have suffered financially because of the coronavirus.”
My tip: It does…