Insurance premiums can make a substantial dent in your monthly budget. However it is very important that you have your car covered with the correct insurance and cover. Being uninsured can destroy you financially when you are involved in a car accident.

Some steps you can take to reduce your insurance premiums

• Get quotes from several motor and car insurance companies and compare them.
• Increase your excess (the amount you are liable for in case of an accident or damage to your car).
• Fit an A VESA approved immobiliser and install a tracking device.
• Before you buy a new car do your homework, some car makes and models are more expensive to insure so it might pay to buy a different make or model.
• If you are not doing a lot of kilometers it might pay to opt for a pay as you drive insurance where your premiums are determined by the distance you drive. The less you drive the lower your monthly insurance premium.
• Drive responsible. A no claim history is good for lower future insurance premiums and some insurance companies even pay a bonus after a couple of your no claiming.