The state of the economy has affected the public's financial solvency. More people are finding they have compromised their credit score to less than it once was. Credit ratings continue to be a factor in establishing car insurance rates. But so, too, are other factors. Drivers can save on UK insurance by locating more affordable insurance or reviewing bargaining areas of their current policy.

Change Carriers
Studies indicate bad credit ratings result in comparatively 20-50% higher premiums. For drivers with no points against their license and a credit rating in good standing, a substantial savings on premiums is possible. For drivers with less than good scores, remaining on board with your present insurer will more likely keep you afloat. Any loyalty discounts will buffer your stay.

Short term car insurance
You may not need your car all the time so it may pay to buy coverage as you need it.

Before switching insurance providers, review other insurance companies and reference your personal and professional networks. Inquire about their experiences with a company when filing a claim.

Access the Financial Services Authority (FSA) to conduct research on insurance providers. The FSA website has a directory of authorized insurers and less reputable enterprises.

Use discounts
Discounts include those for staying on board with the insurer, a clean driving record, safety equipment, driver safety courses, and increasing your deductible may result in a discount.

Increase Deductible
This is financially sound strategy can reduce insurance costs. However, be certain that you can afford to finance the deductible in the event of a claim. Consider setting aside funds for this in a dedicated savings account for auto emergencies only. Upon confirmation that you can afford to pay a higher deductible, make it official. The risk

Reduce Coverage
When premiums are higher than the car value comprehensive and collision cover for your vehicle over five years old or with mileage may be not be warranted. The downside to reduced coverage is that there is no theft coverage. Additionally, your risk incurring 100% out of pocket liability for at fault collision. Experts recommend dropping collision for older cars, which have less risk.

Carpool
Round robin driving can reduce car mileage and wear and tear. Carpooling with a party of 3 with each driving a 1-week shift will reduce your work mileage 75% and translate into insurance savings.

Obtain various insurance through one provider (multilinking). Drivers who multiline UK insurance will have one provider to cover home, life and auto insurance. This allows policyholders to leverage all policy discounts into more savings under one company.