Cheap Car Insurance UK - Review

Routes to cheap car insurance in the UK

Statistically, the vast majority of people in the UK utilize a car insurance comparison site to get their cover at the lowest possible cost. But is this wisdom or folly?

With the benefit of hindsight - should a year pass without a claim - then, yes, it was a good choice to save as much as possible on your cover as, without a claim, you have faced no adverse consequences and you may be better off to the tune of a hundred pounds or more.

There's an obvious flaw with the above argument, of course. In advance, you don't know whether you will need to claim or not on your new car insurance policy.  If you've bought one that you'd rather not have to claim on, you could face a lot of costs yourself in an accident. For example, cheap car insurance tends to have a high excess and you certainly shouldn't expect any courtesy car arrangements.

It seems that many people, perhaps the majority, are effectively gambling on not needing to claim when they select very cheap car insurance to save a little money. It's hard to argue that this is very wise. Buying insurance ought to be about selecting adequate cover for your needs, not simply meeting the legal obligation to be covered.

That car insurance companies are required to compete ever more aggressively on price given the popularity of price comparison sites, brings into sharp focus how unwise the decision to go for the cheapest car insurance around could be. These car insurers can only reduce the cost of the premium by passing more and more costs back to the counsumer.

What are the implications of this?

Well, there are many. To buy the cheapest car insurance you can find - and this would generally be identified through a price comparison site - is almost invariably a mistake. To do so without even looking over the associated cover is especially unwise. As outlined above, the only way for car insurance companies to reduce costs is to pass them back to you. A saving of, say, fifty pounds up front could, potentially, cost you many thousands later on if you have an accident.

While a balance between what you pay and what you get has to be struck, it must be remembered that the power of a price comparison site - that may be checking thousands of quotes for you - needs to be taken into account in terms of how you select cover.

Even without checking over the cover offered by the cheapest of 1000s of car insurance quotes, it's reasonable to assume that such a policy, for most people, is likely to represent too excessive a compromise on cover despite the cost savings. At the very least, you should certainly scrutinize the cover carefully before making your final decision if you are seriously considering buying it.

We advise checking out the car insurance company website for full policy information before making your final choice of car insurance cover.

In fact, because price comparison sites tend to focus on price, knowing exactly what you're getting with each policy is often hard or impossible. It may not even be clear what the excess will be. You may find that you need to check several car insurers direct to get adeqaute policy details for informed comparisons between policies.

Taking account of all of this, it is quite possible that price comparison sites will begin to lose some of their popularity as more and more people, perhaps through claiming on inferior policies, begin to recognise their short-comings.

This writer is a professional in this field and never buys his car insurance through a price comparison site as the only way to easily build in quality control is to go direct to a leading car insurance provider.  Normal market forces ensure competive pricing for like policies. Yes, you may pay more than the cheapest  car insurance on a price comparison site, but when you go direct you generally get the kind of cover that most would wish for in an accident.

You can research some of the best car insurance companies online through this popular service.

As none of the above considerations are especially complex, it does beg the question as to why people are so obsessed with saving money on their car insurance when so-doing is potentially highly self-defeating. Crossing your fingers and hoping to never need to claim is no basis on which to buy your car insurance cover. More..
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