Vehicle insurance is a legal obligation for UK motorists, so all drivers face the same challenge of navigating the market and making sure they get the right cover, at the best price. It can be a minefield of different options, jargon and varying costs, so we’ve compiled our top tips to help you get the best deal.

Know how much cover you need

Traditionally, there are three types of cover to choose from and sometimes getting a higher level of cover can cost the same or less. Prices go up and down, so play around with your quote. Cover types are:

Third party – this just covers other people, not you or your car. It also doesn’t cover if your car is stolen or damaged from fire. 

Third party fire and theft – same as above but this covers fire damage and theft costs. 

Comprehensive – this goes one step further than third party fire and theft and covers you for damage to your own car, even if the accident was your own fault. It’s the highest level of cover available.

Decide what extras you need

Check your policy details carefully to make sure you’re not paying for anything you don’t need and that everything you do require is included. This could include breakdown assistance, a hire car if your car is being repaired or cover for personal belongings in the car. 

Explore routes to lowering your cost

There are numerous options to select when buying car insurance and each will affect your cost. It’s worth trying different options. For example, adding a second, low-risk driver can lower the premium, especially for young drivers.  Also check the excess – typically this is around £100-£150, but adjusting this can save you money when purchasing the policy. If you increase your voluntary excessive though, make sure you could afford to pay it should anything happen.

Be honest

It sounds simple but it’s so important. Even the slightest discrepancy between what was stated on an insurance policy and reality could void your insurance and leave you high and dry when you come to make a claim.  This includes details of your projected annual mileage and driving convictions and penalties.

Shop around

You really do get out what you put into buying car insurance, so obtain a range of quotes to get the best deal. Try a couple of comparison sites, as well as insurers that don’t feature, and, make sure the company you select is regulated by the Financial Conduct Authority (FCA), the independent watchdog that regulates financial services.

Sarah Lewis


May 18, 2015