How to buy car insurance at the cheapest prices
Can you buy very cheap car insurance? Are you looking
to save money on the next policy renewal? Most motorists pay too high a
premium, but there are ways of saving a lot of money, without buying substandard cover.
Comparing prices from the car insurance market's leading insurers isn't
enough; to get the lowest prices there are a few more things you can do,
to get even smaller quotes. Find out what the insurance companies don't
want you to know about!
To push up the price of an otherwise low cost policy insurers offer a guaranteed NCB in the event of a claim. Most people think that, if they do have an accident, their premiums won't increase. They are wrong.
A no-claims bonus is a percentage that is taken off the basic premium. If that NCB is protected then it will still stay the same; an existing 35% reduction is stll 35%, 60% off is still 60%. However the basic premium is going to increase substantially. In other words, rather than the total premium staying the same after your little bump, it will still increase by an awful lot. Don't fall for it.
Most vehicle insurers and brokers have special offers from time to time, and sometimes these are quite generous. The problem is that there is no way of telling when they will be available. This is a good reason to use a price comparison engine, because it will get you quotes from a very large number of insurers which should include their latest offers.
However, how impartial are they? Remember that most larger comparison sites are owned by insurers who have their own products to promote. Are their results really impartial? Do they necessarily show the cheapest price available? Remember that none of them compare policies from every single insurer in Britain, and many (most) only display offers from those that pay them a commission. Someone, after all, has to pay for those lavish TV adverts. So, sometimes you will get a better price from a small broker (if you can find one) or a well known comparison engine you feel you can trust
to find you the very cheapest car insurance.