Motorists could save up to 45% by changing their car insurance provider Go compare with our comparison table

Motorists could save up to 45% by changing their car insurance provider

16 January 2014 / by Isabel Buxton

Recent research by Comparethemarket.com found that drivers could be missing out on an average annual saving of £137 on their car insurance premiums – but how is this happening? Largely, it seems that this missed savings opportunity is down to apathy, as around 60% of drivers renew their car insurance each year with the same provider without taking the time to shop around for the latest deals.

 

The research suggested that half of all drivers could save 23% on their premiums, with drivers aged 25 potentially achieving savings of up to 45%. Despite this, 60% of people renew their car insurance without shopping around for a better quote. This can be a costly mistake, because the cost of car insurance has been on a downward trajectory over the last 12 months – the steepest annual price fall in 20 years – increasing your chances of securing a bargain car insurance deal.

 

Car insurance premiums plummeted in 2013

 

According to the most recent AA British Insurance Premium Index, which details quarterly price changes in car insurance premiums, the average cost of annual comprehensive cover fell by £80 from September 2012 to September 2013. This drop in premiums could be due in part to recent attempts by the government to reduce the number of fraudulent whiplash claims made – a major issue for the car insurance industry which disproportionately raises honest drivers’ insurance premiums.

 
 

Get cheaper car insurance

 
 
To maximise your chances of getting the cheapest possible car insurance deal, try some of the following tips:
 

Prove that you’re a responsible driver – if you’re in a group of drivers who are considered a statistical risk by insurers - for example, young men - you may be able to get cheaper car insurance if you install a ‘black box’ in your car that monitors your driving. These devices are offered by several insurance as a way for sensible drivers to prove their safety behind the wheel and therefore pay less for their insurance.

Install extra security – adding an alarm or immobiliser to your car could reduce your premiums, so it’s worth checking with your insurance provider to see if this is the case.

Add a named driver - Add someone to the insurance, particularly if they are over 25 with a clean record, could help to bring down the cost of your premiums. However, be aware that if it’s your car, you can’t claim someone else is the main driver for the purposes of getting cheaper insurance. Failing to do this is known as ‘fronting’ and is illegal.

Use your garage – Storing your car securely in the garage when it’s not in use could help you get a lower car insurance quote, so make sure that you inform your insurance provider if you plan to do so.

Be vigilant when it’s time to renew – Car insurance providers know that the majority of people won’t look for a new car insurance deal when their current one ends. To get a competitive quote, be prepared to look elsewhere before your current car insurance expires.

 

To find the best deal for you, compare car insurance quotes using the table below >>

 

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ProviderSpecial OffersGet Quotes

5 Star Car Insurance from £196* - You could save up to 20% online.
10% of customers are expected to receive the maximum saving.

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Save up to £917 on Car Insurance.

(10% of consumers achieve this saving. Based on an independent research by Consumer Intelligence during 01 August-31st August 2016.)
Multicar discount - minimum premiums apply. Guaranteed Hire Car cover comes as standard with our comprehensive motor insurance. Underwritten by U K Insurance Limited

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Car Insurance from £190.
10% of new customers paid £190 or less (Aug '15 – Jul '16). Key features of comprehensive cover: Courtesy car included, European cover, Uninsured driver promise, £30 off car insurance available to current account customers, up to £200 personal belongings cover, UK-based call centres. Nationwide car insurance is provided by Liverpool Victoria Insurance Company Limited (LV=)
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97% of customers would buy again from LV= (verified by Reevoo)

Benefits include UK call centres, 24/7 claims helpline, unlimited cover for factory fitted phone, audio and sat nav equipment, and replacement child car seats. Plus optional extras, such as motor legal expenses, guaranteed courtesy car, European car insurance cover, increased personal accident cover and breakdown cover.

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Don’t get caught out when you break down. Churchill offers free breakdown cover to new Motor customers
First year Breakdown service (roadside only), provided by Green Flag, new policies only. Excludes N.I . Breakdown chargeable at renewal. Underwritten by U K Insurance Limited. Terms & conditions apply

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Save 15% Online††
No claims discount up to 75%.

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Comprehensive cover available from just £152 a year**.
5 Star Rated Comprehensive Cover, you'll benefit from the following as standard: Uninsured driver cover, Vandalism cover, Guaranteed replacement car, Emergency any driver cover, Cover for driving in the European Union for an unlimited period.

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New customers can get 12 months' breakdown cover for the price of 6 when they buy AA Car Insurance. You also get access to member benefits, including up to 20% off at Moto service areas. Get Quotes >

Get Comprehensive Car Insurance Quotes Online.

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Free Annual Roadside Assistance and Recovery Breakdown Cover worth £49.
Over 50s save at least £50.
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5 Star car insurance from £222***
Uninsured driver promise. Courtesy car as long as your car is being repaired.
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Confused.com compare prices from over 130 motor insurance providers to find you their best dealGet Quotes >
Save up to £230 on your car insurance (51% of consumers could achieve a saving of up to £229.96 with Gocompare.com car insurance based on a comparison of at least 40 companies)Get Quotes >