No-one likes the thought of paying for insurance premiums, particularly when budgets are becoming increasingly tight. Unfortunately it’s an essential part of life, and if you own a caravan then it’s vital you invest in appropriate touring caravan insurance.
You need an adequate policy not only to ensure you’re staying within the law but also to protect your investment should accidents or loss of possessions occur, but of course you’re always going to be on the lookout for ways to save some cash. Luckily it doesn’t have to be that difficult to reduce the premiums of your caravan insurance policy, and you don’t even have to sacrifice your level of cover – if you take a voluntary excess you could instantly reduce your premiums without having to lose a thing.
This can be a great way to reduce your premiums for the simple fact that you’re less of a financial risk to the insurer. If they don’t have to pay out so much in the event of a claim they’ll be able to lower your premiums accordingly, and in the long run this can save a huge amount of cash. Of course, there will always be risks involved – you need to remember that a higher excess will mean you have to pay more to cover the cost of repairs or replacement, so this isn’t a method that’s going to be viable for everyone.
However, in many instances it can be the perfect solution. As long as you keep it realistic (i.e. don’t take out an excess that will leave you in financial difficulty should you need to make a claim, as this of course defeats the object) it could be a great option, and always make sure to discuss your needs with your individual insurer as some will have different terms to others. So, don’t worry about paying over the odds – if you consider taking out a voluntary excess you could soon reduce the premiums of your caravan insurance policy to have more cash in your pocket every month.