Car Insurance Case Study

Car insurance renewal through the roof?

The cost of car insurance is on the rise - premiums are increasing at an unprecedented rate due to EU rules which have resulted in women no longer being offered cheaper premiums than men, and the rise in personal injury claims, which is pushing up the price of insurance for everyone else.

Has your car insurance renewal quote left you wondering if you can afford to stay on the road? Fair Investment's Online Personal Finance Editor, Rachael Stiles, had a shock when she opened her renewal quote from the insurer that she's been with for seven years. It had risen from £350 the previous year to £873, despite the fact that she has never made a claim, or changed her policy in any way.

"When I saw my renewal quote I couldn't believe it, and I thought that I couldn't afford to have a car anymore," Rachael comments. "I couldn't believe that the company I had been with for years would repay my loyalty by increasing my premiums by more than 100 per cent, when I haven't made a single claim."

After discussing the sharp rise in car insurance premiums on, and encouraging consumers to shop around to get the best price, Rachael thought she'd take her own advice. Using the Fair Investment car insurance comparison service, she compared car insurance deals from more than 95 insurance providers and found a quote for the same level of cover that was just £340.

"I'm so glad that I compared other deals, rather than struggling to pay the renewal quote or getting rid of my car," says Rachael. "This goes to show that while premiums are on the rise, it's still possible to find affordable car insurance if you take a few minutes to shop around."  

Compare - Latest Car Insurance Deals
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**.

Multicar discount - minimum premiums apply. Guaranteed Hire Car cover comes as standard with our comprehensive motor insurance. Underwritten by U K Insurance Ltd

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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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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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Multi Car Insurance - You could save £318†
Great cover if you need to insure more than one car
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Saga Car Insurance is designed for drivers aged 50 and over. Comprehensive cover is available from just £120 a year***.
With a Comprehensive policy you'll benefit from the following as standard: Uninsured driver cover, Vandalism cover, Up to £1,000 personal belongings cover, Cover for driving in the European Union for an unlimited period.

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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.

Get Quotes > 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 car insurance based on a comparison of at least 40 companies)Get Quotes >

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

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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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Get Comprehensive Car Insurance Quotes Online.

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 * 10% of customers buying comprehensive car insurance with us from October 2014 to December 2014 paid this price or less for our standard cover (excluding optional extras). The price you will pay depends on individual circumstances, cover chosen and payment method. Our Defaqto 5 Star Rating gives you independent expert reassurance about the quality of cover we provide as well as options to tailor your cover. Discount depends on individual circumstances and does not apply to optional extras. Minimum price applies.

** 10% of consumers could achieve this saving. Based on online independent research by Consumer Intelligence during 01 August -31st August 2016. Underwritten by U K Insurance Ltd