How To Find The Cheapest Car Insurance Companies
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as Admiral Insurance, Auto Insurers, Best Car, Car Insurance Companies, Car Insurance Company, Car Insurance Premiums, Car Insurers, Cheaper Car Insurance, Cheapest Car Insurance, Cheapest Insurance, Cover Search, Floods, Insurance Option, Insurance Search, Marks Spencer, Motley Fool, Price Comparison Sites, Risk Profiles, Simple Matter, Uk Drivers
In September, one of the UK’s largest car insurers announced that they expect car insurance premiums to rise 10-20% in the next twelve months. There are many reasons for the rise – The Motley Fool blames the floods, for instance, while Admiral Insurance says that the rise is due to the fact that premiums have been kept artificially low for the past several years. The news has many UK drivers seeking cheaper car insurance premiums than they are currently paying.
You’d think that finding the cheapest car insurance company would be a simple matter, but there’s more to it than just checking the prices at all the companies and telling you “X Insurance Company will insure your car for less”. The fact is that auto insurers include far too many variables when devising their quotes for any responsible advisor to tell you point blank that any one company is the “cheapest” insurance company in the UK. We can, however, tell you how to find the best car insurance option for your particular situation. Here are some tips to help you find the most economical auto cover.
- Search online for the best and cheapest cover.
Online insurance search sites allow you to solicit quotes from many different insurers using the same information. Checking price comparison sites will give you a baseline for comparison, but it’s important to look beyond the comparison sites. Be aware that many insurers are not represented on most comparison sites, so you may be missing out on cheaper rates if you only look online.
- Look to non-traditional and newer insurers for the best prices.
In a recent experiment, one of the bigger comparison sites searched 33 insurers using a variety of risk profiles. The results? Newer insurers and companies not best known for offering car insurance consistently came out among the cheapest premiums, with Marks & Spencer coming out at the top of the list of cheapest insurers consistently. However, they cautioned, with all the variables that are used by car insurance companies, your results may be different.
- Be sure to take your safety discount and any loyalty discounts you have with your current insurer into account when comparing premium quotes.Many insurers offer perks for staying with them, especially if you’re considering switching companies. Be sure to count decreases in excess and safe driver discounts when you’re considering the costs of changing car insurance companies.
- Don’t be afraid to bargain. When you submit your information to several auto insurance companies for a quote, you’ll be armed with the ammunition you need to get the best deal possible. If you’re satisfied with your current insurer, but have got a lower quote elsewhere, you might find they’re happy to offer you a lower rate to keep your business. Ring them up and let them know that you love their service, but you’ve been quoted a lower premium by another company and ask if they can match it. Be specific. You might be surprised to find how much they value your business. And if they don’t – you’ve got that lower quote, don’t you?
8 Easy Routes to Cheaper Car Insurance
in Insurance Quotes
as Bonus, Cheaper Car Insurance, Compare Prices, Driving A Car, Easy Car, Fire Theft, Immobiliser, Installments, Insurance, Insurance Car, Insurance Cost, Insurer, Lead, Mileage, Party Fire, Premiums, Privilege, Security Devices, Shopping, Third Party
Car insurance is one of the most expensive costs involved in driving a car, and it’s not something you can avoid – a minimum level of insurance is required by law. That doesn’t mean you have to blindly pay whatever your insurer quotes though, as there are several simple things you can do to reduce the cost of your premiums.
1)Shop around and buy online: Figures show that many people simply renew their current policies without shopping around. The internet makes it easy to compare prices from different insurers, so why not take advantage of this? Plus, you’ll usually get a discount of 10% or more just for buying your policy online.
2)Policy type: do you really need a comprehensive policy with all the extras? Going for a third party fire & theft policy can reduce your premiums hugely, and is definitely worth considering if your car isn’t an expensive model.
3)No claims discounts: Nearly all policies feature a discount that increases for every year you don’t make a claim. The higher the discount available, the more you could save. Also look at insurers offering a ‘no claims bonus for life’ feature, where your current discount level can be fixed forever, even if you have to make a claim somewhere down the line.
4)Excess: The excess on a policy is the amount of a claim you have to pay before the insurer pays the rest. Choosing to have a higher than standard excess level will usually mean lower premiums.
5)Security: Fitting your vehicle with an alarm, immobiliser, or other security devices can lead to premium reductions. Parking you car off-road, for example on a driveway or in a garage, will also mean a cheaper policy.
6)Pay annually: Many insurers charge you interest for the privilege of paying in monthly installments. Pay annually if you can afford it to avoid this, or look for one of the companies who don’t charge extra for monthly payment.
7)Mileage: The more mileage you run up every year, the more your insurance will cost. Even if you can’t reduce your mileage, make sure you’re not overestimating how much you actually do drive, and give your insurer an accurate figure.
8)Drivers: The more drivers you have on your policy, the more it will cost. Reduce the number of people insured to drive your car to the minimum possible, and try to get the policy in the name of a driver with the lowest risk profile. For example, if a car is driven by both a man and a woman, insuring it in the woman’s name will often result in a cheaper quote.
8 Easy Routes to Cheaper Car Insurance
in Insurance Quotes
as Bonus, Cheaper Car Insurance, Compare Prices, Driving A Car, Easy Car, Fire Theft, Immobiliser, Installments, Insurance, Insurance Car, Insurance Cost, Insurer, Lead, Mileage, Party Fire, Premiums, Privilege, Security Devices, Shopping, Third Party
Car insurance is one of the most expensive costs involved in driving a car, and it’s not something you can avoid – a minimum level of insurance is required by law. That doesn’t mean you have to blindly pay whatever your insurer quotes though, as there are several simple things you can do to reduce [...]
20 Tips To Cheaper Car Insurance
in Insurance Quotes
as Cheaper Car Insurance, Immobiliser, Instalments, Instant Quote, Insurance, Insurance Companies, Insurance Company, Insurance Premium, Insurance Premiums, Insurance Products, Insurance Quote, Insurance Shop, Interest Charges, Loan Application, Mileage, Online Insurance, Online Quote, Service History, Shop Insurance, Voluntary Excess
1.Buy from the internet.Most companies offer a discount for online applications as this is automated process and costs them a lot less to process your application, you can usually see discounts of 5%-10%.Click here to get a instant online insurance quote
2.Shop around.All insurance companies use different formulas to calculate your insurance premium by adding or [...]