Here are the best ways to save money on your car insurance

Whether you’re setting up, managing, or renewing your car insurance, you want to make sure you’re getting the best deal possible. As the name suggests, its4women put a firm focus on providing policies that will suit women (and men alike). From their clear and easy process to their customer rewards scheme, they really are an ideal financial partner when it comes to getting on the road.

Helping to make sure that you’re never paying over the odds, its4women are aware that managing your finances can be daunting, and endeavour to help you save money on insurance premiums. With that in mind, here are some top tips for doing exactly that…

Money upfront

Sometimes the most efficient methods are the most obvious: make your insurance payment upfront every year — no excuses. The perks of parting with this big chunk of cash include no additional costs for setting up a direct debit for monthly instalments, and payment of a deposit can reduce the interest charged.

A telematics tracker

If you fall within the ‘young driver’ bracket, installing a telematics tracker is highly recommended. It will record and monitor your driving behaviour, and help your insurer get to know you better, and allow them to gauge the potential risks more accurately.

Voluntary excess

Simply put, a voluntary excess is the amount you agree to pay towards the cost of any claim in the event of an accident. If you opt to increase this amount, it can reduce your overall premium payment, but it is important to assess your finances and consider how much you would be able to afford if an accident happened at any given moment.

No business, all pleasure

Using your car for business increases the risk. In other words, the car is driven during the day when it would otherwise be parked up. The more the car is on the road, the higher the chance it will be involved in an accident. Those drivers using their car for work may also carry goods, samples or equipment which may be stolen and the additional cost to replace such items must be considered.

The Ultimate Rewards System

With nearly 200,000 customers, its4women has carved out a niche by focusing on women of all ages (17-74 years old), offering you full control over your policies with online access and renewals, and now their new customer-centric rewards system is allowing you to earn credits that can directly reduce your insurance costs — and already 58,000 policyholders across Ireland have reaped the benefits.

its4women’s rewards programme is designed to lighten the financial burden of insurance costs. You can earn credits that translate to savings through various interactions with the company, like purchasing the policy in the first place.

The second element is the Refer a Friend scheme. So, when you refer a friend and they purchase a policy with its4women, both you and your friend receive 50 reward credits, worth €50 each. Finally, you can earn extra rewards by purchasing another motor or home insurance policy. This is reflected in the substantial amount of reward credits generated by its4women and its sister brands already, which is a generous €2.2 million to date.

A simple and transparent process with plans to take the scheme even further over the next year with the incorporation of perks like weekend getaways, beauty treatments, and much more, the its4women rewards scheme offers the potential to significantly reduce, or even completely offset, your insurance premiums. By actively participating in the rewards programme, savvy customers have and can accumulate enough credits to make their car insurance virtually free.

its4women is the next generation of insurance allowing you to set up, manage and renew your car insurance at a time that suits you. There’s no hanging about; you can manage your policy online 24/7, anytime, anywhere. Visit their website to learn more.

*Based on April 2022 figures, 71% of new business customers could have received free car insurance if 10 referred friends purchased a new business policy. Prices are subject to minimum premiums. Reward Credits amounts can vary. Terms, Conditions and Underwriting Criteria apply. MCL Insurance Service (Ireland) trading as its4women.ie is regulated by the Central Bank of Ireland.