Effective Ways to Decrease Your Car Insurance Premium

Nobody likes paying more than they have to for car insurance, and there are some simple tips that you can follow to decrease your monthly premium. The fact is that most people pay more than what they should for their insurance because of a few big mistakes. You will likely be surprised at just how much money you can save on your insurance when you get the right information.

Pay Annually

While many people choose to pay their car insurance premium on a monthly basis, paying it all in a lump sum once every year can help you save money. Not everyone can afford to do this, but it’s definitely the preferable option if you can. This is the case with almost every provider, but you should still check to make sure when shopping around.

Don’t do Auto-Renewal

The auto-renewal feature of car insurance policies that has become so popular could actually be costing you. If you ever decide that you want to switch providers, this feature will just get in the way. You want to have the freedom to choose another insurer if and when you feel like it’s time to make a change. Most providers will encourage you to opt for this, but it’s almost never beneficial.

Compare Providers

If you are currently looking for the best and most affordable car insurance, you need to do your research. Take the time to look into the different providers that are available. By doing this research you will be able to save yourself a lot of money overall. You should also remember to get quotes from multiple insurers before making a decision. Comparing these quotes will give you a good idea as to where the best deal lies. Also make sure that you find out which coverage options each provider offers, as it does vary greatly.

Minimize Your Risk

The more risk you are putting on yourself as a driver, the more money you will end up spending. There are lots of ways to reduce your risk, such as getting a newer car that has plenty of safety features. You can also take a driving safety course, which may help you save a few pounds each month. Talk to your car insurance provider about the different ways you can lower your risk and therefore save money on your premium.

Use Your No-Claims Bonus

Don’t forget to let your new provider know about your no-claims bonus so that you don’t miss out on any potential savings. It is typically a good idea to pay extra to protect this bonus depending on what your situation is like.

Increase Your Deductible

If you really need to save money from month to month on your car insurance, you can always ask for a higher deductible on your policy. This will mean having to pay more for repairs if you get into an accident, but it could be worth it. It is important that you keep in mind that you will be taking a risk.

Review Your Policy

Everyone should occasionally review their car insurance policy to make sure that they aren’t paying for anything they don’t need. There could be something that you no longer need but are still spending money on every month or year. Take the time to do this at least once every year. A lot of people are surprised to find that they are paying for more coverage than they require. While it’s not always a bad thing to have more insurance than you need, it could be a good idea to decrease it a bit.

Keep Your Credit Score High

Insurance companies usually tend to give people with good credit the better deals on their premiums. If you already have good credit, you should work hard to keep it that way. If your score is currently low, it is important that you do everything you can to increase it. The higher your score goes, the easier it will be to save money.

Look into Group Insurance

If you want to get car insurance for your entire family, you might be able to get a fairly steep discount. You will find that many of these providers offer lower premiums for those who need to insure three or more people at one time. This is not always the case, but it’s still something that you should take the time to look into.

Final Thoughts

There are tons of small and big ways to save money on your car insurance premium. These tips can go a long way towards helping you get the coverage you need while keeping more money in your bank account. The more effort you put into doing this, the better off you will be financially when looking for car insurance.

10 Ways to Save Money on Your Wedding

If you need to save as much money as possible on your big day, you will need all of the money-saving tips that you can get. Unless you want to rely on payday loans and other short term lending products that is. The truth is that you can still have a magical and special day without spending a ton of money. There are lots of small ways that you can save big. If you are on a tight budget, these tips will help you pull of a fabulous wedding without having to break the bank.

Establish Your Budget

The very first thing you will need to do is write down the budget you have set for your wedding. It is important to determine how much money you can afford to spend so you don’t go over that amount. Make sure that you factor in even the smallest of expenses, because otherwise you might end up in debt. By writing everything down you will be able to get a proper hold on your finances throughout this process.

Borrow What You Can

You should ask people you know to borrow anything you can for your wedding. Whether it is a punch bowl or a tiara, you most likely already know quite a few people who can temporarily donate things for your wedding. This could save you a lot of money, depending on who you know. Don’t be afraid to ask family and friends for things you need that you know they have.

Ask for Favours

If you have a family member who bakes, ask them if they could possibly make your wedding cake. If you have a friend with a luxurious vehicle, maybe they could chauffer you to your special day. Weddings are definitely the time to start calling in favours from everyone that you know. Chances are there are quite a few people who would be more than happy to help you out in any way they can.

Go DIY

There are plenty of DIY things that you can do for your wedding, such as the decorations and maybe even your own dress, depending on how talented you are. The more you do yourself, the less you will have to pay in the end. Lots of brides do these kinds of things themselves to save money, and there is no shame in it. When you start looking up tutorials online, you might be surprised what you can do yourself. YouTube is a great place to go for instructional videos if you want to make some beautiful centrepieces or other things for your wedding.

Get Married During the Week

While it may seem a bit strange to get married during a weekday, it can potentially save you a lot of money. The fact is that most wedding venues cost a lot less if you book them on pretty much any day except Saturday. Fridays can be a bit pricier, but it’s important to at least think about a Monday or Tuesday wedding. If you aren’t completely opposed to the idea, you could save a lot.

Decide What You Need

When you are going down the list of things for your wedding, it is important that you decide what you really need and what you don’t. You could save quite a few pounds by nixing some of the unnecessary items. Do you really need to have a harpist play at your wedding? Maybe you could do without the limo ride up. There are plenty of things that you can cut if you really put your mind to it and buckle down.

Corkage

Corkage is something that not everyone knows about, but it’s essential to at least explore if you are planning a wedding. Wedding venues with no corkage will allow you to bring in your own alcohol so you don’t have to pay a ridiculous amount. This could save you hundreds or even thousands of pounds, depending on how big your wedding is going to be.

Skip the Wedding Cake

Wedding cakes cost a lot of money and they are tradition but not really a necessity. The fact is that there are plenty of alternatives that are just as good at a fraction of the price. Some people decide to have a chocolate fountain or ice cream bar in place of a cake. If you insist on having a wedding cake, take the time to a good place that won’t charge you an arm and a leg.

Final Thoughts

Planning a wedding can be very stressful, and it’s partially because of how much everything costs. By following these tips you can have the perfect day you have always dreamed of at a fraction of the cost. Some people say that a wedding is no time to be cheap, but those who are on a budget should look for any way they can to save money.