Yearly insurance policies can present a substantial cost to the average person; but there are a few ways you can save yourself some money on your car insurance. Here are some quick tips to improve drastically reduce the cost of your insurance cover.

The easiest place to start is check the kind of policy you’re on; if you’re paying monthly instead of annually, change it. Most providers will just loan you the amount of the annual policy, then add on interest – this can end up with you paying considerably more just to be able to pay monthly. Try and pay the whole amount in full, either in cash or using a low APR rate credit card.

You should also make an effort to try and lower the risk you present to the insurance provider. The easiest way of doing this would be to change the vehicle you’re driving for one in a lower insurance band. Alternatively, you could remove any alterations you have made that improve performance, or by keeping your car locked up (in a garage or similar) when not in use.

You should utilise price comparison sites to find the cheapest deal on your renewal quote. When using this sites, you should combine more than one (as they don’t all compare the same sites), using both Money Supermarket and Go Compare for example, will get you quotes from around 150 providers. It’s worth noting that there are a couple of sites (Direct Line and Aviva come to mind) that do not cooperate with price comparison sites and refuse to be included in their listings. So it’s always worth checking these companies independantly – both often have good deals available, particularly if you’re a new customer. Do some reasearch and you’ll be able to find the larger companies that don’t have their sites on comparison sites. You can then use their sites to get an instant car insurance quote. You should then be able to make a far more informed decision on your annual premium, hopefully saving you a fair amount of money.

You should also keep your eye out for deals aimed specifically at renewals Direct Line for example guarantee to beat your previous renewal quote by at least 10%, assuming your yearly premium is over £200 (comprehensive) or £120 (non-comprehensive).

You could also look at short term car insurance, as this may work out a much better option for you, particularly if you don’t drive your car very often. Short-term policies (on the whole), range from 1 day insurance, up to 28 days, which is the upper limit with most insurers. If you don’t drive very often or regularly use someone else’s car, it could be a much better (and cheaper) option for you to go with temporary cover.

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