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Many consumers in the UK could be paying far more than they need to for their car insurance cover, and experts are urging drivers to take the time to compare the cost of cover, as there could be savings of hundreds of pounds to be made.
Consumers no longer have to worry about the time consumption and hassle involved in ringing around one car insurance company to another, as there are some reputable brokers out there that can find the best quote for you, as well as comparison services such as uSwitch.
Drivers should bear in mind that brokers do not have access to all insurance companies, and therefore it is worth contacting several brokers rather than just one in order to cover more insurers, which in turn increases the chances of getting a cheaper quote.
The Chief Executive of Insurancewide.com stated: 'There are so many brands on the market and no one insurer can cover everyone, so premiums are bound to vary. A broker only searches a certain proportion of the market.
For example, AA Insurance has about 20 insurers on its site, including Norwich Union, but not Norwich Union Direct. Using a comparison service can help you make a saving of between £100 and £250 a year.'
However, he also added that before committing to what may seem like a very cheap insurance cover quote, drivers should check details such as the excess levels, whether a courtesy car is provided, and whether the quote includes personal injury and legal cover.
However, for those looking for a bargain, there are some very good value insurance deals available online, and consumers can save themselves time, hassle, and money by comparing and buying their car cover via the Internet.
Tom Smith
05.03.07
Further Information:
- Save On Car Insurance Premiums - There are various ways to save money on your car insurance
- Common Car Insurance Questions - Like any specialist area in financial services there can be a wealth of information which simply goes over the head of the typical customer.
- How does your age affect your premium? - As many UK motorists are aware there are a range of factors which come into play when companies decide the rate premium you pay.
- Saving Money on Car Insurance - Insuring your car can be very expensive if you are 18 and living in a major city. For example, you are likely to find that the cost of insuring your hot hatchback is as much as the cost of the car!
- No Claims Bonuses: how they work - Car insurance companies in the UK incorporated a program called a No Claims Bonus or No Claims Discount. The meaning behind these programs is for the consumer to help lower their car insurance premiums
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