The good news is that comparing car insurance is normally simple and easy and you can find the best price in less than five minutes.
You can then compare the quality of the policy and have a idea of the best price to negotiate with your existing insurer, if you want to stay put.
Furthermore, comparing prices to find the best car insurance deal is crucial at the moment, as costs are rising.
Thanks to recent reforms to compensation payouts, motorists face a 10 per cent – around £50 – hike in their car insurance premiums. Piling on more pain, bill payers also saw an extra £10 on average added to bills thanks to a rise in insurance premium tax to 12 per cent.
Therefore, it is now more important than ever to make sure you are not overpaying for your car insurance.
There are a handful of ways to help reduce your car insurance costs? Whether you are male or female, old or young, follow our ten steps to lower premiums.
1. Shop Around for the Best Car Insurance
This is the number one way to save on car insurance. Savings of hundreds of pounds can be found if you shop around when you renew your cover.
Be careful though. When shopping around for car insurance, it’s important to make sure that you are comparing like-for-like cover. Some policies may seem cheaper, but you may find you don’t have the same level of cover when you have to make a claim.
Use an online comparison service to do the hard work for you. Put in your details and check the prices that come up. You can alter the excess that you are willing to pay and the mileage you will drive and get new quotes.
Try This is Money’s car insurance search powered by MoneySupermarket HERE – it will search more than 130 insurers for you, remember your details for next year and remind you when it is time to renew.
Also check the insurers that don’t feature in comparison sites, the big two are Direct Line and Aviva. It is also worth checking Admiral separately for its Multicar offers if you are looking to insure more than one vehicle.
Other car insurance comparison options include Confused.com, GoCompare, and ComparetheMarket
If you’ve been happy with the cover your existing provider has given until now but are unhappy with their renewal quote, let them know the best offer you have received from a rival insurer and ask them to at least match it. Comparing prices is essential to finding this information.
2. Don’t Put Everyone on Your Policy
Ensure that only regular drivers are named on the policy. You can always add someone for a few days when they really need to drive the car.