Car insurance can be a massive expense. Here at MoneyTowers.com, we have put together 7 quick tips to help keep your car insurance premiums down.

1. Limited Mileage Policies
Make sure you know the real miles you do in your car each year. Ask your insurer if they do a limited mileage policy – often, there will be discounts if you don’t go over a particular number of miles each year. If this is only 1,000 miles off the normal amount you do, can you cut down on the miles you do in the car and thus get a limited mileage policy with cheaper premiums?

2. Mods
Modifications usually push a car’s premiums up, even if they don’t affect the power of the car. Try and avoid adding modifications to your car as this will increase your premium. If you are intent on keeping your mods, try a mod-friendly insurer as some are better than others when it comes to modified cars. Don’t be tempted not to declare your modifications – if you don’t declare them and you have an accident, the insurance company may not pay out.

3. Alarms
If possible, make sure your car has a Thatcham approved alarm as this can save up to 10% on the price of a car insurance premium.

4. Voluntary Excess
Increase the voluntary excess as this may reduce your premium. However be aware that if you have an accident, you must be able to cover the cost of the excess.

5. Added Extras
Check your policy carefully. Do you need the comprehensive cover or will third party do? Do you want to protect your no claims bonus or not? Consider which options best suit the car you drive and your budget as all these little extras, whilst often worthwhile, can load up your car insurance premium.

6. Advanced Driving
If you are a new driver, Pass Plus can help to reduce your car insurance premium in the first few years. An advanced driver training course will also often reduce your premiums as well as making you a better driver, so these courses are well worth the initial financial outlay.

7. Named Drivers
Adding your Mum or Dad or a female driver to the policy sometimes reduces the cost. Play around with adding different named drivers to your policy to see if this reduces your insurance premium.

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