Slash pounds off your car insurance

Published:
09 April 2009
Topic:
News,Insurance,Car

Do you shop around for car insurance when your policy is up for renewal or do you just renew with your existing provider? If it's the latter, you're not alone but it's time to change your habit.

By sticking with the same provider year after year, you're probably paying far more than you need for your insurance.

Recent research from Consumer Intelligence, an independent market research company, found that motorists could save an average of £155.20 a year on the cost of their car insurance by using moneysupermarket.com.

And it's now easier than ever to shop around and ensure you are not paying more than you need for your motor insurance. Moneysupermarket has recently added new insurers to our panel - Egg, Prudential and Lloyds TSB - meaning that we now compare more than 100 prices, from 93 providers.

So there's no need to overpay on your insurance any longer - identifying the best deal is quick and simple so don't let your current insurer take advantage of you. When your policy is up for renewal, look to see if switching can save you money.

Quick, simple and accurate - using our site is a no-brainer

The days of entering your details over and over again or, spending hours telephoning lots of insurance companies are gone. By using our comparison tool you need to input your details once and we do the rest.

The information you provide will be used to get quotes from the country's leading insurers and brokers. The results will be displayed on screen within minutes enabling you to see how they compare at a glance. You can then either click through to the provider's site there and then or save the details and retrieve them later.

For more information watch our insurance expert Steve Sweeney's video 'How to get a car insurance quote'

You won't get a cheaper quote going direct

Our customer promise means that you won't get a cheaper quote by going direct to any of the companies you get quotes from. The price you see is the price you pay and there are no hidden fees or commission.

You can also see what other customers think of a particular insurer before you buy, by reading our customers reviews.

Top tips on getting the best possible quote:

Shop around each year - don't assume that the renewal quote you receive from your current insurer will be the best you can get - it probably won't be. Most insurers offer their most competitive rates to new customers, so it is vital to shop around for the best deal every year. 

Be prepared - when you sit down to get a quote, make sure you have the details of your car and any previous claims to hand.

Tell the truth - when inputting your details, be honest and accurate. Any white lies or mistakes could mean you aren't covered if you need to make a claim, or you may pay more than you need to.

Compare like-with-like - make sure you are comparing like-with-like when looking at premiums. You need to ensure you are looking at the same level of cover. For example, some insurers may include things like a courtesy car and windscreen cover as standard while others may classify these as extras and charge you more accordingly.

Cheap isn't necessarily the best - buying the cheapest insurance policy may prove to be a false economy if it doesn't offer you the level of cover you need. Therefore, while price is important, it may be worth paying a little bit more in order to get more comprehensive protection.

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About This Author

Andy Leadbetter

Head of Motor & Home Insurance

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Rated 3/5 (average from 13 ratings)

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