The importance of shopping around for the right car insurance policy has rarely been more prevalent after new statistics showed the UK’s 34 million car drivers collectively throw away 1.9billion a year on annual car insurance premiums.
With March prompting activity in the UK car market due to the introduction of new registration plates, car insurer Swiftcover has issued research that suggests a 25-year-old female driver buying a new Peugeot 207 in Bolton at the turn of the month could save more than 330 with one leading insurer compared to another leading name.
Such significant savings should prompt drivers to think before they buy, particularly during a turbulent period in the financial market when household bills are rising on the back of the credit crunch.
The key to securing a cheap car insurance deal is to not automatically accept a renewal quote from your existing provider. Even if the insurer was the cheapest when your contract began it’s highly unlikely it will offer the best deal 12 months later.
Switching to a new car insurance policy needn’t be difficult. Thanks to the growth of price comparison websites you can compare dozens of car insurance quotes in minutes to find the cheapest deal.
However, it’s not just a case of finding the cheapest car insurance quote - drivers should take additional measures to reduce their premiums.
This starts with the car you buy - cars with smaller engines tend to rank in lower insurance groups and can help save money. Cars with lower values cost less for the insurance company to replace in the event of an accident meaning reduced costs.
For cheap car insurance look for deals online. Most car insurance providers offer their best deals on the internet as they save on expensive overheads such as call centres.
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