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Car Insurance Can Going Green Cut The Cost Of Your Car Insurance?

By: Mark Bartley

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As we all look to cut expenditure and save money wherever we can, one of the most important questions facing motorists against the backdrop of spiralling fuel and insurance costs is whether driving a smaller, more fuel efficient car help save you money on your insurance. Your fuel consumption will naturally benefit but will your insurance costs fall too? The answer is a resounding yes! Without doubt one of the most effective ways of driving down your car insurance costs is to have a less powerful, more fuel-efficient car. However much you like the idea of cruising the strip in a Porsche or Aston Martin there's no escaping the fact that insurance companies love low capacity, low emissions vehicles with high mpg ratings. In the eyes of the industry they're a much more sensible, safer insurance bet. How green is your car? Green enough to start saving you serious amounts of money on your insurance?

There are lots of ways to cut the cost of your car insurance. You can add additional security in the form of tracking systems, locks and alarms. You might want to increase your excess and shoulder a larger chunk of the costs should you end up making a claim. You could pay your premiums in full as opposed to monthly and be rewarded with a discount, and of course, you can (and should) shop around. Use a comparison web site to find the very best deal on your car insurance policy. Remember too that you don't want to end up paying for features in a policy that you will never use breakdown cover if you already have it for example, or overseas cover if you have no intention of driving abroad.

Without doubt though the simplest way to save money is by avoiding high powered, fuel hungry cars. Just pay a quick visit to a comparison website to see for yourself the sorts of savings on offer. The insurance companies know all too well that the likelihood of a high performance car coming to grief in an accident or being stolen is substantially higher than that of other cars. The higher the power of your car the higher your car insurance premiums will be, it's that simple. Insurance companies are in the risk business and the risks that they calculate they are taking to insure high performance cars are reflected in price you end up paying for cover.

Going green can also save you money in other ways. With nearly 33 million vehicles on UK roads pumping out nearly double the amount of emissions they were in 1980, something needs to be done quickly to reverse the trend. The insurance industry is keen to be seen as a leading force in promoting environmentally friendly transport and are rewarding 'green cars' with substantially reduced insurance premium rates. There's never been a better time to invest in a smaller, environmentally friendly, low emissions car.

Of course if you a stuck with an oversized, gas guzzler and don't have the option to trade it in for a new high mpg model, there are still plenty of other things that you can do on your travels to save money. You can drive slower (remember the polite and civilised motorway speeds when petrol last skyrocketed in price and everybody suddenly became hyper efficiency sensitive?). Research indicates that driving 70mph is 10% less efficient than driving at 60mph, and up to 15% less than driving at 50mph. You can read the traffic in front of you better and stop and start less. Revving less and using your gears helps too, as does taking excessive weight out of your car and making sure that your tyre pressures are all at the manufacturer's recommended level.

Leave the car at home? Take public transport? Walk? Car share? However much we'd like to do to contribute to saving fuel and cutting costs we don't always necessarily have the choice. Even if you can't go green right now, it's worth considering a more efficient car in the future to drive down the cost of your motoring. It's good for our individual bank balances and good for the planet too.

Article Source: http://depositarticles.com/

Discussions like this piece by Mark Bartley are purposed at guiding consumers on important products like car insurance. Armed with this knowledge they may feel more confident about researching and purchasing products.

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