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Ways to get the cheapest car insurance

One of the biggest expenses of owning a car and driving is the car insurance. It is a legal requirement to have some form of car insurance in place for you to be able to drive on UK roads, therefore it is not optional. The only way you can drive your car without insurance is on your own private land, but you quite literally wouldn’t get anywhere.

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Since you must have car insurance, it is not surprising that we are all on the hunt for the best possible deal which will slash the price. With so many companies offering different plans in the market from so many different providers, it can be an overwhelming task and hard to find the best deal possible.

Many plans tend to come with unnecessary features which simply add to the cost of the insurance. You can simply avoid these by being very careful about letting these add-ons slide.

To help you find the cheapest car insurance policy possible, read this useful guide – you could really save yourself some money!

Third Party Car Insurance

The lowest level of car insurance that you are required to have by law is third party insurance. It is fair to say that there is no need for comprehensive car insurance in every situation. Understand that when a car is older than 8 years old, they do not retain much value in terms of IDV. Therefore, choosing comprehensive car insurance is not such a good idea if this is the case for you.

You can select the third party cover to save yourself lots of money spent on your car insurance. It is also a great option for when you are buying a second-hand car.

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Bear in mind, however, that the reason third party cover is so much cheaper, in general, is because it does not cover you or your vehicle in the event of an accident. It only covers the other party’s car and any injuries that gained from the road accident. Nevertheless, it is a way to save money on car insurance alone but may cost you if you need to fic your car.

Increase the Voluntary Excess

Many people are not aware that increasing your voluntary excess can help you to cut down the premium on any policy by a huge amount.

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With this, there is no need to compromise on the third party cover when you choose to increase the voluntary excess and you can easily get comprehensive cover at cheap rates.

Whenever any damage happens to your car, the insurance company will pay for the damage and this means that they will take all the risk on in that situation. However, you can also take some part of the risk and opt to pay for a certain percentage of the damage from your own wallet. This is what voluntary excess is and it will obviously make your insurance cheaper since not all of the risk is on the lender.

Fleet Insurance

Fleet Insurance allows you to cover multiple vehicles under one policy, so this is a perfect way for people with multiple vehicles to save money. It would be far more expensive to insure them all individually.  Furthermore, since you can insure up to 500 vehicles under one policy, this is great for businesses who utilise vehicles as part of the jobs they complete or if they offer company cars.

By using fleet insurance, you will essentially receive a discount for the more vehicles you insure.

If you are interested in this, you can get in touch with us here on Fleet Insurance by calling us on 0800 231 5129 or by applying here. We work with some of the most reputable fleet insurance companies in the whole of the UK, so we are able to provide a competitive quote for you, easily and quickly.

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