Installing a car tracking system can help to reduce motor insurance premiums, cityam.com reports.
Driving isn't cheap; if it's not spiralling fuel costs, its road tax or seemingly-escalating insurance premiums, which according to the AA are double the price of those quoted six years ago, on average.
Fortunately, there are several steps motorists can take to reduce their insurance premiums; one is to increase vehicle security. With over 89,000 vehicle crimes recorded in London alone last year, most insurers will be looking for car alarms and immobilisers.
To further reduce both the quote and the likelihood of car theft, it might be worth considering a car tracker, too, particularly if a car is parked on the road rather than in a driveway. Off-road storage is naturally going to score points with the insurance provider.
Another option, says thisismoney.co.uk, is to consider a 'pay as you go' insurance policy whereby motorists use a vehicle-fitted 'smartbox' or mobile app which monitors when the car is in use. Motorists pay less is they drive during the day, for example, than at night - which could be a good option for younger drivers.
The smartbox records driving habits, such as speed, braking and mileage. This information is sent to the insurer who might reduce premiums or offer rebates to good drivers.