It is mandatory in the UK for all drivers to have liability coverage that covers any damage they cause to other drivers, their passengers, or their vehicles in case of an accident. However, liability coverage does not protect your own vehicle. You can opt to have comprehensive coverage that will cover damages to your own vehicle due to an accident or theft. When choosing car insurance for your Ford Galaxy, you must consider the effect of your deductible on your premiums.

The amount you pay for insurance coverage is called a premium, and it depends on the level of coverage, your driving history, the make and model of your car, and the deductible you choose. A deductible is the amount you pay in case of an accident or theft before your insurance company makes any payments.

For example, suppose you have a car insurance plan with a £500.00 deductible. If the repair bill for damages to your Ford Galaxy is £1,500.00, you must pay £500.00, and your insurance company will pay £1,000.00. If the repair bill is only £501.00, you must still pay £500.00, and your insurance company will only pay £1.00. If the repair bill is £450.00 or less, you must pay the entire amount because it is less than the deductible.

You can lower your car insurance premiums by raising your deductible. If you currently have a £500.00 deductible, you can lower your premium by increasing your deductible to £1,000.00. However, a higher deductible also means a higher risk of financial burden in case of an accident or theft.

Although a higher deductible can lower your premiums, it may not be feasible for your budget. If that is the case, you can look for other ways to obtain cheaper car insurance for your Ford Galaxy. Some possible discounts include limited mileage discounts, a discount for having made no previous claims, a good driver discount, a Pass Plus course discount, an age-based discount like an over-50 insurance plan, a parking-in-a-garage discount, and more. You can also remove extras that may be unnecessary for you, such as roadside assistance or a courtesy car, to reduce your overall premium.

Be sure to compare insurance companies and policies to find the best coverage at the most affordable price. With a bit of research, you can find the right car insurance policy that meets your needs and budget.