If your eyes have fallen on this article then you or someone you know is searching for ways to lower their car insurance premiums. Luckily when it comes to car insurance premiums there are ways to lower them by more than 50%. If you are suffering the world wide recession and needing to tighten your belt, then you will be looking for ways to cut costs, and you will be happy to know that lowering your car insurance premiums is one of those ways. In this article we will be going over 3 simple ways to lower your car insurance premiums.

1. Drive a cheaper car.

Expensive cars means expensive car insurance premiums- it is that simple! When it comes to a car which you use every day, whether it be to go to work or to fetch the kids from school and do to the do the shopping, you should consider using a less expensive car than your luxury sedan or sports car. You can still drive a luxury car if you want and get lower premiums by taking out insurance which goes according to mileage. In this way you only pay for the kilometres you drive. Whereas the car you use on a daily basis should be an economical car so that you can cut down on your monthly premiums.

2. Increase the excess on your car.

The excess amount is the amount of money you pay in the event of an accident, theft or damage. Excess amounts are not fixed and you can adjust them depending on how much of a liability you are wanting to take on. You can lower your monthly premiums by increasing your excess amount. I recommend this to drivers who drive safely and who park their cars in a safe place.

3. Drop your collision and comprehensive cover.

If you have an older vehicle which is not worth much, then you could drop your collision and comprehensive cover. The reason being that if your car is scrapped, the insurance company will pay you the value of the car and if your car is old you will not get enough cash back to buy a new one.

For more information on car insurance premiums, go to http://www.payasyoudrive.co.za