Higher excesses can lead to cheaper car insurance

Aussies in search of cheap car insurance may be able to get better quotes if they opt for a larger voluntary excess.

Those who are willing to pay a bigger sum towards repairs in the event that their vehicle is damaged or is in need of new parts might be able to get better priced quotes from their insurers.

However, Aussies should consider the move carefully because they will need to have enough funds to meet the excess in the event of an accident.

Many will not want to have to claim for minor sums as this could push up premiums in the future, so it may be worthwhile opting for a higher excess to get a cheaper quote.Other ways to reduce the cost of car insurance cover include finding off-road parking and cutting down on the amount of driving done.

Those for whom this is not an option may want to consider fitting better security features to their car, such as a steering wheel lock, immobiliser and alarm.

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