Is a car insurance policy all about price?

When most of us look for an insurance policy price is the first thing that we consider. With petrol prices rising to higher levels than ever, every saving you can squeeze out of your car is essential. However, you have to be careful that you do not just choose the cheapest policy going and then discover it doesn’t include the things you thought it would. Sometimes a slightly more expensive policy will include extras like courtesy cars, protected no claims bonus and a no claims bonus for named drivers, which could save you all money in the long run. You need to think about your individual needs and strike a balance between policy price and features to find the right car insurance policy for you.

If price is the most important factor for you then you should look on the Internet for the cheapest car insurance quotes. Insurance comparison sites, such as uSwitch scour 100s of the top insurance companies to return the best quotes for you. They tend to have simple interfaces that make comparing policies easy, and will let you change things like the excess to see how much of an influence it has on the overall cost.

The company you choose to insure with is always important and you should check online reviews to ensure that you invest in a policy with a reputable company. There is nothing worse than paying for an insurance policy, then when you come to claim the provider tries to get out of not paying, or you find you’re not insured for as much as you thought you were. Sometimes it is worth paying a little bit extra for a company with a good track history, rather than opting for the cheapest policy regardless.

There are also specialist car insurance policies that can provide extra support to different groups of people, such as the over 50s. Because people aged over 50 tend to claim less on their car insurance and often combine 5 or more years of no claims history with a have a low yearly mileage so they have access policies with lower annual premiums. These policies may not be immediately obvious when looking on an insurance comparison site.

There are also extra incentives that some policies offer to entice customers. Options such as a protected no claims bonus may charge a slight premium but will ensure that your policy price stays low in the years to come, even if you have to make a claim. If you have been careful enough to build up your no claims bonus then having a policy that will protect it is a very valuable feature. Multicar policies can also work out cheaper for households with more than one car, as insurers will lower the prices if you insure all of your cars with them. Other insurers offer no claims bonus for named drivers, which could save thousands if the named driver has to get a policy of their own.

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