cheaper insurance

How I slashed my car insurance premium by more than 40 per cent Jessica Irvine I have reduced my annual car insurance premium by 44 per cent, from $886 to $495. And I'm about to tell you how. However, first, a matter arising from last week's column on how I cut my home contents insurance premium in half. You can save on the premium cost by increasing the excess payable in the event of a claim. Several readers emailed to warn me of a clause in some insurance policies regarding "underinsurance". On such policies, should you only insure a sum of, say, $50,000, but a valuer later assesses your property at $100,000, the insurer can apply an "averaging" clause to say that because you are only half insured, they'll only pay out half your insured amount. Ouch. I'm confident this does not apply to me but it's definitely something to watch out for. Now, onto car insurance. Last week, I rang the former competition tzar Allan Fels, who has just finis…