Unfortunately, Newcastle drivers can expect to pay more for their car insurance this year. Recent figures have revealed a whopping £739 average cost for new premiums. This is around a 10% increase on last year. With this kind of price hike, most Newcastle drivers will have to fork out on average an extra £64 for their premiums.
To give you an idea of the average price of a comprehensive insurance policy, reliable comparison sites like Confused.com have plenty of useful info. They also provide online advice on how you can get a cheap car insurance quote by asking about the following:-
- Driving licence and convictions – provide your type of licence, how long you’ve had it as well details of any points or disqualifications from the last five years.
- Details of the motor – your car’s number plate is useful but not essential. You will have to declare any modifications.
- Previous claims or accidents – provide the date, claim cost and type of accident for any accidents or claims within the last five years.
- No-claims bonus – submit details of your NCB in years. If you’re not sure, you can request this from your insurance provider.
- Details of any other drivers – it’s essential to provide other driver’s names and licence details to add them to any policy.
Car insurance specialists believe that the cost of insurance for Newcastle drivers will rise again later in the year. According to Confused.com the cost of insuring a motor in the North East has shot up by around £260 in the last ten years.
It’s not all bad news
When it comes to car insurance for Newcastle drivers, it’s not all bad news. There are ways and means to reduce the cost and save money on your car insurance. Here are some money-saving car insurance top tips:-
- Change from a fully comprehensive policy to third party cover – this will reduce the premium however the quality of cover provided. It is an alternative option, but not for everyone.
- Do you need all those extras? – you may be offered lots of insurance extras, do you really need them? Breakdown cover, theft from the car, windscreen cover and courtesy car will add to the full cost of the premium. Did you know that some of these extras might already be covered on your travel insurance, AA membership, home insurance or even your bank account?
- Insure your motor excess – the motor excess is the amount you have to pay in the event of a claim after an accident. Some excesses are exceptionally high especially for younger drivers. Another alternative is to buy a separate policy to repay any excess that you have to pay out.
- Shop around – try and get out of the habit of accepting a renewal quote from your existing insurer. Bad credit car finance specialists recommend that you spend a little time shopping around online for the cheapest quote by using price comparison websites such as GoCompare, USwitch or Compare the Market Car Insurance
- Pay in full – if you can afford it, pay your annual car insurance in full. It’s cheaper than spreading it out monthly or quarterly.