Owning and having use of a car is not a cheap venture these days. On top of the price of the car itself you have the high petrol prices to contend with not to mention your tax and ensuring that the motor is fully up to a roadworthy condition as well. However, the one thing that many motorist’s and car owners complain about is the cost of their car insurance and you always hear grumbling about it being too high and outrageous. How can you get this price down however and receive a lower insurance quote?

One of the big stipulations that helps to being the overall price of the quote down considerable if your excess. This is basically the amount of money you are willing to pay out on damages or repairs before you put in a claim to your insurance provider. The higher the excess the lower the quote. For example, if you were to accept an excess of $200 then this would result in a much higher quote than if you were to accept one of $500. It’s all about the amount and level of risk and responsibility that you wish to transfer from yourself to the insurance company.

Another major factor is your no claims bonus. This is determined by the amount of years you have spent driving since your last insurance claim; so someone who has a 10 year no claim bonus would get a much better quote than someone who has only 1 year. If you are involved in an accident or damage has been inflicted on your vehicle then seriously consider whether or not it is worth making a claim or if you can foot the bill yourself. Car insurance quotes can be found online for some great competitive rates however the real savings are to be found in how much risk you want to place upon yourself.