Never just accept the renewal quote you are offered. It is always worth getting quotes from rival insurers and with several comparison websites available it won't take up too much time.
Be aware that the cheapest policy may not be the most appropriate. Remember to look at the level of cover as well, for instance. Some insurers, including Direct Line and Norwich Union, do not appear on comparison sites, so you have to contact them directly for a quote.
2. PAY UPFRONT
If you pay for your insurance all in one go, rather than monthly, you will pay less.
Do not be tempted to pay for any type of insurance monthly just because it appears to be cheaper or more manageable. It is not, as you will be charged interest, which can be as high as 24pc per annum.
3. CASH BACK
Purchase your insurance through a cashback site. These are special websites that list retailers/product providers and get paid if you click through them. Importantly, they then give some or all of this cash to you.
4. INCREASE YOUR EXCESS
Most policies include a voluntary and/or compulsory excess charge (the amount you pay before the insurer has to cough up in the event of a claim). If you're prepared to increase this slightly, you can get a reduced premium.
5. WATCH YOUR USAGE
If you use your car only socially and/or for commuting, make sure that you are covered only for these uses. If you are also covered for business use, your premium will be higher.
Low mileage commands lower premiums because cars that are on the road less often are less likely to be involved in an accident.