Looking for the cheapest car insurance? Finding the lowest cost policy can save a huge amount of money and it isn't really very difficult if you stick to the following rules:
The old advice to compare quotes using a price comparison site still holds; but get quotes from several sites, rather than just one. Sometimes you will find identical policies at different prices on different comparison sites; and since it only takes a few moments to get quotations it is worth checking prices from companies such as Prudentplus, Confused.com or Moneysupermarket.
Ignore the websites that offer you no deposit insurance. For one thing it doesn't exist (a policy with no upfront payment at all simply wouldn't be enforceable) but it is also the most expensive way of buying insurance. Firstly you would have interest and/or management charges to pay on top of the premium, and secondly your ability to choose the best policy for your purposes would be compromised. Don't do it.
Don't under any circumstances accepted a renewal premium automatically. The British government is currently investigating insurance companies over their practice of charging more to existing clients than they do to new ones! They do this by pushing up premiums every year in the expectation that most motorists will just pay up and not look at their other options. Those who shop around for lower quotations can usually find a much cheaper price– even from their existing company!
If you are a young person, or fairly inexperienced, see if you can get a premium reduction by adding an older and more experienced motorists to your policy. Some insurers feel that it is an advantage to have more mature drivers taking an interest in the car; particularly if their own no claims discount would be affected if you have a bump in it.
If you are looking for quotations on a price comparison engine, start looking a month before you will actually need the policy to start. Research has proven that those who are well prepared are likely to get often substantial reductions in premium, compared with those who wait until the very last minute before buying a policy.
Be open and easy to investigate! This means being on the electoral roll and hopefully having a decent credit record. Insurers usually make background checks on their prospective clients and being easy to check up on can give you bonus points.
Look at the extras that may be included in your policy, such as, perhaps, the loan of a courtesy car in the event of an accident, legal representation or even windscreen damage. Do you really need these? If not, contact your insurer and ask if they would give you a reduction if these benefits are taken off the policy.
Take a look at how you describe your job. Sometimes slight changes can make a lot of difference to a premium; but this can be a bit of a minefield. It is important that you do not tell any untruths, because this could invalidate your policy, but often a job can be described in several different ways. Try a few of the ways in which your own job could be described honestly, and see if it makes a difference to your quotations.
Don't get quotes for third-party cover only; at least initially. Whilst these used to be the cheapest policies they are not any longer because insurers found out that motorists who only bought this lowest possible level of cover were responsible for a much higher level of claims. This means that premiums for third-party cover have shot up and often comprehensive policies can be much cheaper, even though they offer much greater benefits.