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How to Reduce Car Insurance Premiums Anti-theft alarm - Equip your car with electronic central locking and alarm. Most insurance companies have a discount if you have these devices fitted in your car. Avoid high interest rates - Interest charges are very high if you were to pay your premium in monthly instalments. It would work out cheaper to pay your premium in one lump sum. Buy on the Internet - Financial products are far cheaper on the Internet than elsewhere. Car insurance is usually about 10% cheaper when you buy online. Shop around - Be prepared to do the legwork, if you want a good deal. Check the insurance rating - Some cars are considered to be of a higher risk than others. Before buying a car, check out its insurance group rating as car insurance premiums vary greatly between insurance groups. Imported cars are expensive to insure - The price of a car bought abroad may be cheaper, but most likely, the insurance won't be. This is because, the parts can be more expensive and difficult to find, so take this into consideration unless you are buying a car fully catered for in UK. « Previous Page « » Discuss it » Continue Reading »
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