The online used vehicle retailer Motor Match has shared a useful tip that could help drivers save money on their car insurance, but it comes with a warning.
As the average price of a year’s premium edges closer to £1,000, many motorists are looking for ways to save on the cost of running a car.
According to an expert at Motor Match, one way that drivers are able to cut the cost of car insurance is by changing where they park.
They explained: “Where you park your car can significantly impact your insurance premium. Parking on a driveway is often perceived by insurers as safer than street parking, which is more susceptible to theft and accidental damage.
“Informing your insurer that the vehicle will be parked in a relatively safe location can lead to more favourable rates. It’s a simple adjustment that can have a meaningful impact on your costs.”
By proving to the insurer that the car is kept off the road overnight, either on a driveway or inside a garage, drivers can often save money since the vehicle is less likely to be broken into or hit by another road user.
Nevertheless, Motor Match warned that motorists must be honest when filling out their car insurance form, else it could be much more expensive in the long run.
If the vehicle gets damaged and the insurer finds out that any information the owner told them was false, they may not pay out on claims.
Motor Match noted that non-disclosure, the process of not telling the insurer some information, could lead to other consequences.
As well as denying a claim, either filed by or against the driver, the insurer would likely charge the driver an additional fee to change any information.
In some cases, the insurer may cancel the policy, with other companies refusing to give the motorist cover or charging extra.
Nevertheless, the automotive expert at Motor Match noted that drivers can also lower their premiums safely by changing when the cover begins.
They added: “Insurance companies tend to view last-minute policy applications as higher risk, which can lead to increased premiums. To avoid this, we recommend planning your insurance start date in advance – ideally, setting it to begin 20 days from when you secure the quote.
“This not only shows insurers that you’re a low-risk client who plans ahead but also gives you the leverage to secure a more competitive rate.”
