If you are looking for a way to cut the high cost of car insurance, check out your local “pay as you drive” insurer. Since we live in Australia, I found http://www.payasyoudrive.com.au and just saved about $500.

Depending on your driving profile, your savings might be less. Or more? – though I think that’s unlikely. We’re in the the “low mileage, older aged, clean record” bracket so this attracted a delightfully low rate for comprehensive car insurance.

And before this, I thought we were doing well. I’d been using an insurance broker who was already getting us a better deal than the major insurance companies were offering.

But it gets better. Next year, if there are unused kilometers on our account, they roll over – so all we’d finish up buying is the “top up” kilometers we need. Cheaper still.

At first, I was uncertain if this pay-as-you-drive thing was a sound proposition but a bit of online research showed it’s been going for some years overseas and that reports are generally good.

Just for the record, this is not a recommendation or an affiliate link. Just me sharing the fact that we saved about $500 on our car insurance – and how we did it.

Gary