Vehicle Insurance and How Britain is a Bargain Hunters

Recent research by the Fair Investment Company has come to the conclusion that most Brits are bargain hunters when it comes to choosing the right car insurance deal. 

The study found that over 57 per cent of those UK motorists quizzed named price as the most important element of securing cover on their vehicle. 

The level of cover was deemed much less important, with only 19 per cent viewing it as the crucial aspect of selecting a policy.

James Caldwell, Fairinvestment.co.uk's director, said: "Motorists should be careful choosing their car insurance by price alone, the cheapest car insurance is not always the best and there are other aspects to be taken into consideration.

"I would advise anybody shopping for car insurance to compare deals not just on price but also policy features, some of which may be outlined in the small print."

Some two per cent of participants in the survey named breakdown cover and a no claims bonus as the part of a deal most important to them.

So what can you do to join these money saving motorists?

The best advice is to shop around for your policy. Price comparison sites such as money extra and moneysupermarket.com are the first stop when looking for a new deal.

Moneysupermarket.com, for instance, found that the cheapest car insurers were Kwik Fit and Swiftcover with an average premium of £276.74.

Quinn-Direct and the RAC were named third and fourth best with average premiums of £282.80 and £289.59 respectively.

Peter Gerrard, head of insurance research at moneysupermarket.com, said that although cost should be a primary concern it is also imperative that motorists consider how appropriate the policy they opt for is for their specific needs. 

He said: "While cost is a major factor, motorists should make sure they get cover most suited to their needs. It is always worth looking at multiple-person cover, excess levels and breakdown cover within insurance deals.

"There is nothing stopping drivers from changing their insurer each year and always taking advantage of the most competitive premium. There is no substitute for spending a few minutes comparing quotes online and finding the best deal for your needs."
Read to other articles all about swiftcover car insurance

Posted in: car insurance,Insurance,insurance car