Life isn’t getting any easier for motorists in the UK who are reeling from petrol prices rising to 110p/litre. Now car insurance premiums are expected to rise by 10 percent during the course of the year.
An independent financial comparison website has revealed that car insurance prices are likely to leap before the year is out due to a rise in the number of claims. Unfortunately it’s the most loyal customers who will be hit the hardest as car insurance providers introduce discounts to attract new custom and penalise their existing policyholders with premium hikes.
However, it seems an increasing number of customers are privy to this development with around 35,000 people changing their car insurance provider every day - that’s 6.43 million a year.
The ’shop around’ message has never been more important. Renewal quotes generally rise year on year - which is to effectively pay for someone else’s cheap deal. If you want the cheapest car insurance quote you have to search for the best offers.
By shopping around for car insurance, customers could cut premiums by as much as 30 per cent. Thankfully it’s no longer a long-winded process of telephone call after call, or popping into a series of branches to find a competitive deal - now customers can do it all with a click of a button thanks to the explosion in popularity of car insurance comparison websites.
The push to make savings shouldn’t end there, however. Customers can save more cash by driving safely, avoiding convictions and building up a no-claims bonus. If you can afford the outlay consider paying your car insurance annually instead of monthly to avoid interest charges.
The key to cheap car insurance is your performance - and that begins before you step into the car by shopping around for car insurance quotes
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