If you are looking to save money on your driving school insurance, read our guide below.
It contains the quickest and most popular ways to save money on your instructor insurance cover.
Money saving tip #1
Invest in a new car if your one has seen better days. Newer vehicles to educate your students attract lower premiums. They are more reliable and better equipped reducing the risk of an accident.
Money saving tip #2
Achieve a higher pass rate when sitting your qualifying exam. If you achieved a lower grade, re-take your test and gain a higher grade. Doing this will deliver a lifetime of favorable insurance policies and premiums.
Money saving tip #3
No claims discounts. It is obvious a clean claims record will save you money but typically it will have had to be earned under your own company. If you worked previously with a driving agency and have now gone on your own, have them write a letter backing up your no claims, having this will allow us to quote you a much cheaper premium.
Money saving tip #4
Other qualifications, always mention other qualifications you may have. Frequently they can help towards a better premium.
Money saving tip #5
Make sure you have documented your years qualified as an instructor. Many instructors that we speak to aren’t sure how long they have been qualified. The more years you have been qualified, the bigger discounts we can offer you.
Other Driving School Money Saving Advice
For those wanting to learn how to drive, guidance and advice can be found pretty much everywhere. Whether you’re walking around a bookshop or supermarket, copies of the Highway Code and practice CDs are never too far from sight. The same can be said for obtaining insurance for those who are taking lessons or have recently passed their test. Car insurance providers stumble over one another to provide the best rate to new drivers and learners, creating a wealth of choice.
However, when it comes to those who actually teach the learners, the advice on offer can often seem far more limited. Which is why we’ve put together a few hints and tips for ways driving instructors can save money on their own insurance:
Use a specialist provider
It’s important that you use a specialist driving instructor insurance provider. This is because, as a rule, ordinary providers will not cover tuition and will also not insure cars with dual controls – an essential modification for many instructors. So specialist cover is necessary.
Look for a provider who’ll give you a replacement vehicle
For most driving instructors, their car is their lifeline. For this reason, time spent without a car is time spent losing money. So it’s always a good idea to consider an insurer who will give you a replacement vehicle if yours is damaged. Try to ensure that this replacement vehicle will also have dual controls to allow you to carry on your tuition as usual, with as few glitches as possible.
Bear in mind storage and security
As with all types of car insurance, there are a few ways to almost guarantee a price reduction when insuring your instructor vehicle. One of these is ensuring that your car is secure as possible. Fitting an immobiliser could reduce the likelihood of theft and, as a result, save you money with many insurers. The way you store your vehicle is also important; if possible, opt for a driveway or garage over simply parking the car on the road.
You can apply for Driving Instructor Insurance with Total Driving School Insurance. We will ask you the above questions to better help save you money!