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Twelve secrets your car insurer won't tell you

Getting a good deal on auto insurance and keeping your premium from rising is hard. Here are a dozen ways the industry works, with tips to help you save:

1. If you have good credit, you'll pay less. Almost all insurers pull your credit report. Studies show a direct correlation between your credit score and the likelihood that you'll file a claim. Insurers know that if you pay your bills on time and have the same credit accounts for a long time, you're more stable than someone who pays late and frequently opens/closes accounts. This information is used to create your "insurance risk score," a factor that determines your auto-insurance rate...

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What everybody should know about car insurance?

Car insurance is a necessary pain, a chore that we must all endure before we get our sparkling new set of wheels out on the open road. Of course, having shelled out on your new car you want to feel like your paying as little as possible on something as boringly practical as insurance. This is kinda frustrating because it means we feel obliged to spend a bit of time shopping around rather than settling on the first deal we stumble upon. Still, buying insurance was never gonna be a particularly thrilling process and hopefully with the following few tips we can help make the whole thing as quick and painless as possible.

• Firstly you'll need to consider what type of cover you want to opt for. Basic third party insurance will cover the cost of damage to another driver's vehicle and is the minimum legal requirement. This is the cheap option but offers little cover in the event of any damage done to you or your car although you can add fire and theft cover that will pay out if your vehicle is stolen or set on fire.

• Unless you're on a particularly tight budget it's probably advisable to look beyond third party and plump for fully comprehensive car insurance. This offers the extra assurance of covering any damage to your own car in the event of an accident caused by yourself. Shop around and you'll find that you can get add-on benefits like the use of a replacement car whilst yours is being repaired.

• If you plan on using your vehicle for occasional business related travel make sure you check whether you're covered for accidents that happen outside your social, domestic routine unless explicitly mentioned in your agreement you probably won't be. In this event additional cover is advisable.

• If you're a young driver insurance premiums are almost certainly going to be higher than for a more established, experienced driver. A good way to reduce costs is to get some extra qualifications beyond the standard driving test, like motorway or night driving.

• Keep premiums down by limiting your policy to named drivers only and paying a voluntary excess.

• It might be an equally worthwhile money saving tactic to improve the security on your car. Check with your insurer but often the installation of car alarms, immobilisers and parking your vehicle in a garage overnight can help.

• Look out for the inclusion of a protected no-claims discount. It will cost you a little more but protects any accumulated no-claims discount that may otherwise be reduced in the event of a claim. No-claims discounts can mean hefty savings of up to 65%.

• Save time and money by going through a broker or a company who uses the services of numerous insurers, this will make sure your cover is the most suitable and hopefully cheapest selected from a larger pool of deals.

• Do make sure you keep you insurer notified of any changes of circumstance and indeed anything that may affect you cover, any failure to disclose relevant information might invalidate a claim.

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