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Monday 14 May 2012

The Art of Haggling

My grandfather always used to say 'it's not the car that's expensive, it's everything that goes with it' and he couldn't have been more right. Whilst the excitement of owning your first car might seem never ending, the insurance companies are never far behind to wipe that new car owner smile off your face.

Car insurance is ridiculously high for young drivers, with annual insurance for most costing well over a thousand pound and a new increase for female drivers to match the sky high cost for young men. Luckily we have a wealth of comparison websites to offer us the cheapest options available, but there are also a few things we can do ourselves to get the best deals.

Your car insurer will send you a renewal quote every year which, despite an extra year's no claims bonus, won't be much less, and in some cases more, than what you paid the year before. Now this is where the comparison websites come in. Find the cheapest price offered to insure your car with another company, call up your current insurer and tell them to improve that offer. Car insurers would generally rather lose a bit of money offering you a better car insurance deal then lose you altogether, and it's less fuss for you without the hassle of changing companies.

Last year my insurer offered me a renewal price which was £70 more than the year before, despite three year's no claims. After researching a few other insurance companies, I found a more reasonable price with a rival company, and called up my current insurer who were more than happy to beat their rival insurers and their previous renewal offer, saving me over £100!

It doesn't take long to fill out the comparison website forms and once your car information is entered into their website they'll be kept there for you until the next time for renewal arrives.

Here are a few of the best to get you started -

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