We are committed to helping consumers find the cheapest car insurance possible. We also want to help people avoid some of the pitfalls of unsuitable cover. We will also keep you up to date with the latest car insurance news in the UK.
We are working on a solution for our customers so they can search for very cheap car insurance on this very site. However this may take some development time. As you can probably see we are about to undergo a site redesign as well.
When it comes to car insurance it is important that as a customer you don’t think all insurance quotes are the same.
We often here consumers say
they’re all about the same price anyway so there is no point shopping around.
This could not be further from the truth.
There is a massive variety in prices for car insurance as well as the type and quality of cover. It’s worth remembering that all of us have different circumstances and needs and these effect both the cost and the cover offered.
How A Car Insurance Company Views Risk
The reason for these variations is that insurers are like us, they have different needs and wants. Insurers take different views on risk and the amount of risk they are willing to take. Others may prefer a certain type of driver so perhaps will be willing to offer cheap car insurance for women for example.
Geography can also play a part with certain insurers preferring different parts of the UK. Age is another major factor with some insurers particularly targeting older drivers and so offering them reduced prices to entice them to their policies.
Insurers like most businesses have targets and this can again affect their pricing from time to time. If a car insurance company is struggling with sales they will often reposition their pricing. This is usually not a permanent change so that insurer may be the cheapest now but may well be expensive when you come to renew.
How To Get Cheap Car Insurance – Using Renewals
This brings us on to a very important point, renewals. Do not assume that your insurer will remain the cheapest car insurance available, often this is not the case. There have been instances where new customers get better rates than existing customers. This happens because insurers know that most consumers will not shop around for a renewal price, so they have no reason to price keenly for existing customers.
To save the maximum amount of money you must shop around a few weeks before your renewal date.
Also remember to compare like with like and don’t just look at the headline cost. Look at excess levels as well as extras like breakdown cover, windscreen protection and even rental cars in the event of prolonged breakdowns.
Our final tip is that there is no such thing as the cheapest car insurance company. The cheapest deal will vary from person to person with multiple car insurance companies being the most competitive in different sectors and even at different time of year.
Good luck in finding the cheapest car insurance for your needs.