As the commercial, financial and cultural heart of West Yorkshire, the city of Leeds is fast becoming a popular hotspot for both tourists and students. After all, 5 city centre universities are bringing drivers from all over the country into the area. In these circumstances, it is vital to ensure that the address on your insurance policy reflects where you currently live, as failing to provide accurate information can invalidate your cover and raise your premium.
Driving in a bustling city centre like Leeds isn’t for the faint-hearted. Its one-way ‘loop road’ system is around 2 miles long and encircles a section of the shopping district, typically confusing those unfamiliar with the area. The Loop aims to make navigating the city more straightforward for everyone and comprises 18 separate junctions. Many insurance providers will take local statistics, such as the likelihood of a driver being involved in an at-fault accident, into consideration when it comes to road systems such as these. These figures may influence the premium of drivers in Leeds.
As a driver, you will know how important it is to insure your vehicle at all times, and Quote Goat compares quotes from over 100 different providers so you can see real-time results in a matter of minutes.
Top Tips to Reduce Your Car Insurance Premium
Telematics: There is a lot of misunderstanding regarding telematics policies; however, a black box can reduce your premium by hundreds. They are available for those aged 25 or under and are ideal for new drivers, young drivers, or those who live in busy cities like Leeds. Plug the device into the designated slot and watch as it tracks your speed, driving smoothness and breaking habits.
Overnight Parking: Where you park your car can tell an insurance provider a lot about the type of risk they are making. After all, garages and driveways are statistically safer because they reduce the risk of damage and theft compared to roadside parking. This means that a change to where you keep your vehicle overnight can either increase or decrease your premium.
No Claims Bonus: Every year you successfully go without claiming on your insurance policy increases your No Claims Bonus (NCBs) which can help reduce your premium. This allows you to protect your NCBs and ensure that you receive any subsequent savings on your premium. The more you have, the more savings you can expect to receive, so it is often more beneficial to avoid claiming for minor damage.
Mileage: Asides from black box data, insurance providers use collective data to help assess premium rates. This means that those with higher annual mileage are statistically more likely to be involved in an accident because they are simply on the road more often. Ask yourself how many miles you will drive in a given year, as you may be surprised to find that a grossly over-estimated figure is influencing your car insurance premium.