Get your finance in order, with wealth management's must-read stories everyday!

10 Tips for Scoring Affordable Car Insurance Deals

Susan Kelly

Oct 21, 2023

People always seek ways to save money, especially on recurrent bills like auto insurance. You can get the finest insurance offer with the correct methods and research, but it might be expensive—a complete guide to cheap vehicle insurance.

1. Shopping Around is Essential

The most effective strategy for securing cheap car insurance is to compare different providers. The rate your current provider offers might only sometimes be the most competitive. Remember, different insurance companies evaluate risk factors differently, which could impact the premium you're quoted. Therefore, regularly checking other providers' rates can give you leverage when negotiating with your current insurer or deciding to switch.

Tip: Use online platforms like to compare offers. Not only does it give you an array of choices, but it's also quick and efficient.

2. Importance of Accurate Details

When you search for cheap car insurance online, the accuracy of the details you provide plays a significant role in the results you get. Armed with the correct information:

  • Always have your car's registration or its make and model at hand. This helps insurers gauge the type and age of the vehicle, which directly influences the premium.
  • Keep your driving license ready. Insurers look at the type and tenure of your license.
  • Your driving record, especially claims history, speaks volumes about your driving habits. Mentioning your no-claims discount can get you better rates.
  • Clarify the purpose of your car usage. Using it for work, commute, or personal use can make a difference in the quote.
  • Estimating your car's annual mileage is crucial. A look at your MOT certificate or the vehicle's online MOT history can help you with this estimation.
  • It's wise to be aware of your current insurance expenditure. This gives you a base to compare against and helps in negotiations. Your renewal document usually has details of your past year’s premium and the quote for the upcoming year.

3. Exploring Beyond Loyalty

It's human nature to stick with the known, but this could be a costly mistake in the hunt for the best cheap car insurance. Many insurance buyers fall into the comfort of renewing with their current insurer year after year. However:

  • Different insurance platforms offer varied rates due to their unique partnerships with insurers. This means even if you have a great deal this year, next year, there might be another provider offering something even better.
  • The aim is to get maximum value for your money, and sometimes, this requires stepping out of your comfort zone. Make sure to expand your options to more than one platform or provider.
  • An exhaustive search can distinguish between a good deal and the best one. It’s about leveraging the competition in the insurance market to your advantage.

4. Price Comparison Tools

Price comparison tools are the modern-day shortcuts to securing the best deals. However, they come with their own set of nuances:

  • When you receive a quote, ensure it encompasses everything you need. A seemingly low quote might later be bumped up with additional charges or add-ons.
  • Remember, insurers sometimes list basic versions of their policies on comparison platforms. This is done to show a competitive rate. Always cross-check to see the exact cover being provided.
  • A policy might seem affordable, but a high excess can change the game. Understanding the balance between voluntary and compulsory excess can save you from future financial strains.

5. Exploring More Options In Car Insurance

Mainstream comparison sites give you a vast array of options, but sometimes, the perfect fit for your needs lies outside this list:

  • Direct Line Insurance, for instance, doesn’t list on many comparison sites. However, their direct offerings can sometimes outshine those found on popular platforms.
  • Similarly, NFU Mutual operates outside the usual online realm. They might not be the first name you come across during your search, but their reputation in customer service and policy offerings is commendable.
  • Venturing beyond the conventional list might take more effort, but it can lead you to some of the market's best cheap car insurance deals.

6. Cashback Sites

You'll find various avenues to save money when searching for cheap car insurance. One such route is through cashback platforms, notably Quidco and TopCashback. These sites entice consumers with the promise of a monetary return when they make a purchase, including buying an insurance policy. But here's a pro tip: focus on the overall cost-effectiveness of your chosen procedure.

For instance, if you're lured by a £75 cashback on a £300 policy, pause and reconsider. If another approach offers the same benefits at £150 without cashback, you're better off choosing the latter. When prioritizing overall value over short-term rewards, you'll likely land the best cheap car insurance deal.

7. What Influences Your Car Insurance?

Finding cheap car insurance online involves understanding the numerous variables determining your quote. Age is a prime factor. Generally, younger drivers face steeper premiums due to their lack of experience. Where you reside also plays a part. If your home is in an area known for frequent accidents or higher crime rates, brace yourself for a higher quote.

The car you drive, from its make to its value, directly impacts your insurance cost. Remember other considerations: the miles you clock in annually, your occupation, past driving violations, and even where you park your car at night. Awareness of these factors empowers you to make informed decisions, potentially leading you to the best cheap car insurance suited to your needs.

8. Levels of Car Insurance Cover

You'll encounter three primary levels:

  • Third-party only.
  • Third-party, fire, and theft.
  • Fully comprehensive.

9. Maximizing No-claims Discounts

A no-claims discount (NCD) can significantly reduce your car insurance premium. However, while a substantial NCD is beneficial, it sometimes translates to the cheapest car insurance. For instance, a higher NCD on a pricier premium might yield less savings than a smaller NCD on a budget-friendly premium.

The silver lining? Many insurance providers allow you to transfer your NCD when you switch, broadening your options when seeking cheap car insurance online. Your years of safe driving will be noticed even when switching providers to snag the best cheap car insurance deal.

10. Stay Alert to Scams

In the search for cheap car insurance online, it's vital to remain vigilant. Only some attractive deals are legitimate. Scams like ghost-broking, where individuals pose as brokers offering cheap car insurance deals, can be alluring but detrimental. Likewise, identity theft and staged accidents, known as 'crashes for cash,' are rising.

These schemes not only affect premiums but can also leave victims out of pocket. It’s crucial to verify the authenticity of brokers and insurers. Use recognized platforms and check regulatory bodies to get the best cheap car insurance and safeguard yourself from potential fraud.

Related Stories

Privacy Policy | Terms of Use

© 2023

Contact us at: [email protected]