Fully comprehensive cover is the best car insurance policy as it gives you the highest level of protection. It will cover you for a wide range of risks, often at the cheapest price.
Average annual cost: £6514
We're so confident that we'll find you the cheapest car insurance deal with MoneySuperMarket, that we're making a price promise to you. If you find the same car insurance policy for cheaper elsewhere, not only will we refund the difference, we'll also give you a gift card worth up to £20!4
4 Restrictions and T&Cs apply, click here for details.
Including your job, age and your address, plus the same for named drivers. We'll also need to know the type of licence you have, how long you've had it, previous claims and driving history
Details of your no-claims discount will help lower the prices you get. Use our no-claims discount tool to find out how many years’ no-claims discount your insurer will honour
The car’s registration number if you know it. If not, the make and model is fine. We’ll also need the car’s age and any modifications you’ve made
Social, commuting or business, and how many miles you’ll do in a year. You’ll also need to say where you’ll keep the car at night for security
4Based on annual price of car insurance policies with one driver holding a full UK driving licence for at least 12 months. MoneySuperMarket data, collected between October 2023 and December 2023
The average cost of comprehensive car insurance is £6512 per year, but the price of your policy can change based on your risk of making a claim.
If you are statistically more likely to make an expensive car insurance claim, then your insurance will be more expensive.
Age is one factor that has a clear impact on the cost of car insurance. Younger drivers without driving experience will typically have to pay more for insurance, whereas older drivers with a good driving record will have much cheaper premiums.
Average Annual Price3
2Based on annual price of sold car insurance policies with one driver holding a full UK driving licence for at least 12 months. MoneySuperMarket data, collected between October 2023 and December 2023
3Based on annual price of sold comprehensive car insurance policies. MoneySuperMarket data, collected between October 2023 and December 2023
Car insurance is a legal requirement for drivers in the UK, and you must be covered if you use your car on the roads or in public places. If you’re involved in an accident, the minimum level of cover provides financial protection to others where another vehicle or property might be damaged or if anyone is injured. Third-party insurance is the minimum requirement in the UK.
However, if you’re involved in an accident and want to cover your own costs, then you’ll need a higher level of cover, such as fully comprehensive insurance.
Unless your car is registered as off the road with a Statutory Off Road Notice (SORN), or in the process of being bought or sold, you could be faced with a fine if you don’t insure your vehicle with at least a third-party policy.
"If your policy is coming up for renewal, you may notice there’s been an increase in the amount your car insurance will cost you over the next year. You’re not alone if you find yourself in this situation - according to the Association for British Insurers, annual car insurance costs were 25% more expensive last year than they were the year before, and at MoneySuperMarket we’ve seen a 15% increase in the average price of car insurance over the last 12 months*.
Inflation, higher costs to replace parts and an increase in claims are all pushing prices up. But with costs continuing to climb, many of us will be looking for ways to save on our car insurance. If you can, paying annually will help to avoid paying interest on monthly payments. If you’re a new driver, driving safely on a telematics policy could help you save in the long run. While there are many ways to save, shopping around and comparing deals is the best way to ensure you’re getting the lowest price."
Sara Newell - Car Insurance Expert at MoneySuperMarket
*Based on the annual price of car insurance policies in January 2024 vs January 2023, with one driver holding a full UK driving licence for at least 12 months.
Add-ons like breakdown cover and car keys cover cost extra to add to your policy. To save money, consider cutting out optional extras that may be cheaper to pay for out of pocket
One of the simplest ways to reduce your insurance cost is to increase your voluntary excess. Be careful not to increase your excess so much that you can't afford it
Telematics policies, sometimes known as black box car insurance, give younger and inexperienced drivers a chance to earn lower premiums by showing that they have sensible driving habits
Your car insurance policy is likely to be renewed automatically when the term ends, but you may be able to find a cheaper deal if you compare quotes from other providers online
Paying an annual lump sum for your car insurance policy may seem like a big initial outlay, but it it typically costs less overall than if you were to pay monthly instalments
You can reduce the cost of car insurance by parking your car off the road when you're not using it. The best place to keep it overnight to reduce your insurance cost would be in a locked garage
If you can avoid making claims for smaller things by paying for the repairs or replacements yourself, you can earn a discount on your premiums. The longer you go without claiming, the bigger the discount should be
Modifying your car can often mean more expensive repair costs, or needing spare parts that are harder to get, so you’ll likely pay more to cover these
The cheapest car insurance products are One Click, Swinton Essentials and RAC. Remember, car insurance quote prices are individual to you and many factors impact pricing such as age, policy type, mileage, excess, payment type etc.
Avg. Quoted Premium
Based on the annual price of car insurance with one driver holding a full UK driving licence for at least 12 months, where the insurer has sold over 500 policies. MoneySuperMarket data, collected between October 2023 and December 2023 .
Some postcodes may have higher rates of theft or vandalism than others
Insurers see some jobs as higher risk, especially if they involve a lot of driving
The longer you spend on the road, the more likely you are to be involved in an accident
Cars in higher insurance groups usually cost more to cover
This includes driving convictions as well as any claims you’ve made on car insurance policies
A higher excess tells insurers you’re less likely to make frivolous claims for low amounts
Adding a more experienced driver to young driver policies may reduce premiums
A good no claims bonus demonstrates that you are a safe driver and don't make frivolous claims
Some modifications can increase your vehicle's risk of theft, vandalism, or accidents
Pays for the cost of calling out a mechanic if your car breaks down
Gives you access to a replacement vehicle while yours is in for repair
Pays out a lump sum if you’re injured or killed in a road accident
Covers the legal fees you might face in relation to a road accident
Pays for the cost of repairing or replacing a cracked windscreen
Covers the cost of replacing your keys if they’re lost, damaged or stolen
Pays for the necessary repairs you'd need if you accidentally top your car up with the wrong type of fuel
Protects your belongings, which can be handy if you tend to leave them in your car
Protects your no-claims discount by letting you make a certain number of claims within a year before it affects your premiums
HMRC defines a classic car as over 15 years old and valued over £15,000. Premiums are typically cheaper than standard policies because older vehicles have lower speed limits and classic car owners tend to keep their car well looked after, as well as being on the road less often.
Cars built low and designed for performance and high speeds. Premiums tend to be more expensive than standard car insurance because sports cars have more powerful engines and can reach higher speeds, increasing the statistical likelihood of an accident.
An imported car is a model you've bought and had delivered from abroad. They're often more difficult and expensive to insure because they usually cost more to repair, and are often higher-spec, with more powerful engines. They're sometimes modified to fit with UK regulations - all this leads to extra hassle and risk for insurers.
Cars that have had modifications such as custom bodywork or paint jobs, engine upgrades or new wheels. Upgrading your car's appearance, performance, handling or function means that insurers classify it as a greater risk and charge more for your cover.
Cars that run purely on battery power. Electric cars are fairly new to the market, and they use technology that isn’t as wide-spread as standard petrol cars. As such they can be more expensive to repair, and therefore also more expensive to insure.
Cars that are fuel efficient, built with hybrid engines, or rely on alternative fuels. Premiums will depend on your policy, your car and how you drive. Some insurers do offer lower premiums and deals for green and hybrid vehicles, so do your research before choosing a policy
How long a quote is valid for is down to the insurance provider. Using our price comparison service you can save your searches, but there's no guarantee the price you saved will be the same as the price you get when you purchase.
Usually if you cancel your policy within the first 14 days, most insurance companies won’t charge a cancellation fee but check the small print because some will. If your policy has been active for longer than 2 weeks, you’re likely to have to pay a fee for cancelling plus the cost for the time you’ve been insured (pro-rata).
Excess payments refer to the cost of making a claim – compulsory excess is how much you’ll need to put towards the total claim cost before your insurer pays the rest. Volunteering a higher excess fee on top of the compulsory amount indicates to insurers you won’t bother making small and frivolous claims.
A no-claims bonus – also known as a no-claims discount – can cut the cost of your car insurance. The longer you drive without claiming, the bigger the discount you can earn when renewing your cover, because the insurer will assume you are less likely to claim in future. You might consider not claiming for an accident if the damage to your car is minor and it would be more sensible to pay for the repairs yourself – for example, if the excess you’d need to pay is more than the overall repair costs. This way you’ll preserve your no-claims bonus as well as being better off financially.
You’re likely to get a better deal on your car insurance policy if you pay an annual lump sum rather than in monthly instalments, because insurers add on a fee for monthly payments. Paying monthly can be useful as you’ll be able to spread the cost out, but you will end up paying a little extra overall. Just remember that if you choose to pay monthly, most insurers will do a credit check to see if you can afford it.
While advanced driving courses such as Pass Plus or IAM (Institute of Advanced Motorists) make you a better driver, they won’t always save you money on your car insurance. In fact the average person won’t see any difference in premiums whether or not they have Pass Plus on their licence – but that doesn’t mean it can’t benefit anyone at all. Younger or inexperienced drivers might be able to save a few quid, and if the skills you learn help you avoid accidents in the future, this will also help keep your insurance costs down. However, any discounts will depend on the individual insurer, and the course itself may cost more than any savings on your insurance cover. You may well save more by shopping around and comparing deals from different providers.
Insurers look at a range of factors when deciding on your insurance premium, including your credit score. But they will also look at your age, your job and the car you drive, as well as where you live before they make a decision. If you want to pay for your car insurance monthly, the insurer will do a credit check to see if you’re likely to be able to make the payments. That’s because agreeing to pay monthly is technically a credit agreement: you’re borrowing the cost of the annual policy and repaying it over 12 months. A record of this search will remain on your credit file. If you have a bad credit score, it is still possible to get car insurance – but you may be charged a higher interest rate on monthly payments. If you have struggled to repay credit in the past, or if you have a county court judgement (CCJ) against your name, then you may not be allowed to pay monthly.
One of the factors used to calculate your car insurance quote is the number of miles you drive on average per year. To calculate your own personal mileage, you can:
Look at the number of miles you drove the year before on your annual MOT certificate and estimate mileage for the coming year
Check your car's service record - mileage is noted in your logbook every time your car has its annual service
Calculate how many miles you drive each week and add them all up
In most cases, the value you declare on your insurance policy documents will be the price you initially paid for the vehicle.
Be mindful though, that if you make a claim and your car has been written off your insurance provider will pay out the current market value of your car, not the initial price you declared on your insurance documents. This is because vehicle devaluation is also considered.
You don’t need car insurance when your car is off the road, as long as you’ve made a Statutory Off-Road Notification (SORN).
This tells the Driver and Vehicle Licensing Agency (DVLA) your car is not in use and means you don’t need to pay vehicle tax or buy car insurance – as long as it’s kept off the road.
You can check whether your car is insured by visiting the Motor Insurance Database (MID). The MID is the central record of all vehicles insured in the UK.
It's free to use and it identifies the make and model of your car as well as whether your car is insured.
Any-driver insurance allows anyone to drive your car (with your permission). This is handy if you have lots of family and friends that want to borrow your car. The downside is that it can be expensive, as your insurance provider can't be sure who's driving the car at any given time.
You shouldn’t need to pay any admin fees unless you make any changes to your policy or need replacement documents. You may be charged an adjustment fee if you need to change something on your policy like your address, car registration or adding a named driver, for example.
Charges vary between providers, and some will let you make small charges online for free. Keep an eye out for admin fees when comparing policies.
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