1. Declare the car as in storage: Most insurance companies offer lower premiums for vehicles that are kept in storage or that are not driven regularly. Be prepared to provide proof that the car is not being driven, such as a statutory declaration or a letter from a landlord confirming that the car is parked on private property.
2. Reduce your coverage level: Since your car is not being driven, you may be able to reduce your coverage level to liability only. This will significantly reduce your premium while still providing you with financial protection in case of accidents or damage caused by others.
3. Consider a pay-as-you-drive policy: Some insurance companies offer pay-as-you-drive policies that charge you based on the number of kilometers you drive. Since your car will be in storage and not driven regularly, this type of policy can help you save money.
4. Bundle your insurance policies: If you have other insurance policies, such as home or tenant insurance, you may be eligible for a multi-policy discount by bundling them with your car insurance.
5. Increase your deductible: Increasing your deductible can help you lower your premium. However, make sure that you choose a deductible that you are comfortable with and can afford to pay in case of a claim.
6. Shop around for quotes: It's always a good idea to compare quotes from multiple insurance companies to ensure that you are getting the best possible deal. Don't be afraid to negotiate with the insurance company to see if they can offer you a lower rate based on your specific circumstances.
