When you get a product or service for cheaper than you expected, you instantly expect that the product is below standard or that there’s some or other catch that you must be aware of. And in a lot of cases, the milk or low fat yogurt that you bought on special went sour in a day or two and the pair of trousers that was marked down by 50% shrunk following the first time you washed it. Does the same go for budget insurance?

If insurance prices are too good to be real, it’s likely that it is! But, with that being said, every rule has an exception! For this reason, budget insurance doesn’t imply that you will receive substandard cover, or that you will have an enormous excess amount to pay each time you claim. Neither is it connected to poor and less than efficient service.

If you are searching for more reasonable insurance policies there are a number of things that you can do to guarantee reduced premiums:

Try to keep your insurance track record as clean as you possibly can. Of course accidents happen and all insurance companies understand this, however, if you’ve had 12 bumper bashings in the past 24 months and they were all your fault, this can be frowned upon.

Get hitched! Okay, I am kidding (a little bit though!) Married people are regarded as lower risk clients than single individuals. The reason behind this is that insurance firms see matrimony as an indication of accountability and commitment.

Normally if you have a husband or wife or a family to care for you will not be taking irresponsible chances by driving a car like a lunatic on the highways.

Older persons can qualify for budget insurance without difficulty. Much like being wed, older people are also seen as more established people – not risk takers and adventurists like many younger people. Naturally you cannot do much about how old you are, but it is possible to nominate an older motorist as a 2nd driver on the car.

Choose a greater voluntary excess payment. An excess payment is the payment that you have to pay in order to claim from your insurance plan. This isn’t dependent on whose fault the crash was or what the claim amount is, an excess amount is always payable by the insurance policy owner and the amount will also be a set amount. If you choose to pay a higher voluntary excess when you claim, your premiums will in most cases be lowered but just be cautious that you are not shooting yourself in the foot in the process. It’s no use if your excess amount is so high that it actually surpasses the claim amount.

The last and most obvious thing to do is to research prices! Compare and contrast quotes from different insurance providers – the more the better! If you are not satisfied with what one company is offering you, move on to the next! Chances are that you will be able to obtain a budget insurance policy with comprehensive insurance cover!