Did you know the average driver faces an annual insurance premium of £533, with drivers under the age of 25 paying more than £1,000 for their cover? Here are our top ten car insurance cost-cutting tips that can save you £100s.

Martin Lewis and the team at Money Saving Expert have drawn up an excellent list of money savings tips.

  1. Don’t assume third party is the cheapest

You might expect third party cover to be cheapest, but some insurers believe that people who choose third party cover are more of a risk and will price accordingly. Check both third party and comprehensive cover to make sure you are getting the best deal.

  1. Add a responsible second driver

Adding a second driver to your policy, even if they won’t use the car often, can smooth out the average risk and may reduce the premium. Those with a good driving record are likely to help make bigger savings, but anyone who’s a lower risk can help.

Beware – At no point should you add your name as the main driver on someone else’s car, such as one of your children, instead of them. This is known in the industry as ‘fronting’ and is fraud. When you come to claim, this will be checked out and your insurance will be invalidated. It can lead to prosecution, so don’t do it.

  1. Tweak your job description

Another quick win is tweaking your job description. To help, we’ve built a fun Car Insurance Job Picker tool to show the riskiest jobs and see if small changes to your job description could save you cash. Remember, never lie as this will be considered fraudulent.

For more information including additional tips, visit the cheap car insurance guide by clicking on the following link – http://www.moneysavingexpert.com/car-insurance/

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