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What are the best and cheapest ways to buy car insurance?
N.B: Definitions for terms used in this article are taken from the Association of British Insurers' publication "Insurance Preference Guide".
The cheapest way is one that gives you little protection and saves your money! When shopping around, remember that there's no point in buying insurance if it isn't needed. The basic rule is that you should refuse anything which you don't think you or anyone else could possibly need. Another cheap way is to look for insurance quotes that include your vehicle's features, age and value. Every insurer has a different range of values for this element of your quote, but you can often get an idea of a premium by deducting the estimated value from the current market value. For example, if you think your car is worth £10,000 and are seeing an annual cost of £400, it doesn't cost you anything to take out a policy with this rather than a more expensive one.
In addition to the type of cover you need, there's also the question of whether you want third party insurance or not. All insurers are obliged to supply it by law if you buy one of their policies.
N.B: Definitions for terms used in this article are taken from the Association of British Insurers' publication "Insurance Preference Guide".
The cheapest way is one that gives you little protection and saves your money! When shopping around, remember that there's no point in buying insurance if it isn't needed. The basic rule is that you should refuse anything which you don't think you or anyone else could possibly need. Another cheap way is to look for insurance quotes that include your vehicle's features, age and value. Every insurer has a different range of values for this element of your quote, but you can often get an idea of a premium by deducting the estimated value from the current market value. For example, if you think your car is worth £10,000 and are seeing an annual cost of £400, it doesn't cost you anything to take out a policy with this rather than a more expensive one.
In addition to the type of cover you need, there's also the question of whether you want third party insurance or not. All insurers are obliged to supply it by law if you buy one of their policies.
