7 Ways To Reduce Your Car Insurance Premium - Dynamo Cover

7 Ways To Reduce Your Car Insurance Premium

7 ways to reduce your Car Insurance with Dynamo Cover

Is your car insurance due to renew in the next few weeks? Struggling to find an affordable quote? At Dynamo Cover, we’re here to share 7 ways you can reduce your car insurance premium!

When it comes to car insurance, we always recommend shopping around rather than sticking with your current provider. There are many comparison sites you can use to shop around such as Money Super Market & Go Compare and they’ll show you the cheapest deals.

If you are wondering how to reduce your car’s insurance premium, below are our top tips that we highly recommend.

1. Limit Your Mileage

Limiting your mileage may reduce your quote! Fewer miles, means you’re less of a risk to motor insurers. When submitting your yearly mileage, be as accurate as possible. If you aren’t honest about your mileage, your insurance may be invalid.

If you are unsure how many miles you drive, a top tip is to check your car’s MOT history. This will state the mileage of the test, which is of course every year (once your car is over 3 years of age).

2. Pay Annually

Paying monthly for your car insurance can increase your premium quite substantially. It is seen as a ‘Loan’ when paying monthly, so interest is applied additionally. If you can’t afford to pay your car insurance premium in one go, you may want to consider a 0% Credit Card. We advise you to repay the minimum payments and pay off the balance before the 0% interest ends.

7 ways to reduce your Car Insurance Premium | Dynamo Cover | GAP, Breakdown and Used Car Warranty Specialists

3. Improve Your Car’s Security

Many car insurers will ask you what security your vehicle has. Improving your security could reduce the premium by a few hundred pounds! You can think of adding devices such as; alarms, immobilisers, locking wheel nuts or ghost immobilisers.

You may even want to consider installing a Dash Cam to your car as many insurers will offer a discount. This is because not only does it act as a deterrent to car criminals but it can also be used as evidence within an insurance case.

4. Build Your No-Claims Discount

If you’ve already received your car insurance premium for the year, you would have been asked how many no-claims you have. Building up your no-claims will reduce your premium as insurers reward motorists who are claim-free. If you don’t know how many you have, you can ask your insurer.

5. Think About Where You Park Your Car

If you have a garage, driveway or resident parking, we advise you to park your car there overnight. Parking your vehicle off the road can reduce your insurance premium as it lowers the risk of your car being stolen or vandalised.

6. Would You Consider A Telematics Policy?

Having a Telematics Policy can reduce the cost of your car insurance quite considerably. A Telematics Box bases your insurance premium around your driving! This is recorded via a Black Box or an App and can tell your insurer how you drive, which can improve your quote.

7. Buy Your Car Insurance At The Right Time

Research shows that users saved over 40% on their car insurance when renewing 26 days prior to their renewal date*. Renewal prices can change daily, so the later you leave it, the greater chances of you paying more!

And there you have it… our top 7 tips for reducing your car insurance premium!

If you are wondering how you can reduce other motoring related cover you may have, you can get cheaper breakdown covermotor warranty and GAP insurance by getting a quote with Dynamo Cover.


  • * Average premium paid by all users over the age 18, for annual fully comprehensive car insurance policies bought through GoCompare between January and December 2021 [Go Compare Research].

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