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Cheap Car Insurance Company

Picture the scene – you go online when your car insurance renewal comes because it has risen by 30% for no apparent reason. You tap your details into a comparison site and within five minutes you have a whole range of quotes for various car insurance policies. The cheapest one is 50% less than your current car insurance quote and you cannot quite believe your eyes. You must have found the only cheap car insurance company... but the policy does not cover you for half of the elements that your current insurance does so what do you do? How can you tell a cheap car insurance company from the worst car insurance company?

Firstly, it is worth clarifying that the cheap car insurance company does actually exist. It is not a myth. There are numerous cheap car insurance company profiles out there at the moment because the industry has become far more competitive in recent years owing to the introduction of Internet comparison sites. As customers had access to plenty of companies at the same time, they had to become more competitive. As such, you can find cheap insurance if you know where to look. So where do you look?

Not only has the Internet had a profound effect on the availability of quotes but it has also provided a platform for many cheap car insurance company profiles to emerge. Take Elephant.co.uk for example. The insurer operates solely online and therefore has much cheaper overheads than other companies. This has meant that they could offer much cheaper premiums without necessarily sacrificing any of the features. Other providers have not had the same level of success. Budget providers tend to cut the quality of the policy when lowering price and thus generally offer poor cover.

If you are looking for a cheap car insurance company to ensure that you have peace of mind with your cover then look for those companies that offer fair premiums but comprehensive coverage. Sheila’s Wheels is a prime example for women’s car insurance. Admiral, Liverpool Victoria (LV) and First Alternative are notable in the general category. However, if you value peace of mind over cost then you may want to stick with old favourites like Direct Line and Norwich Union. In no way is either a cheap car insurance company because they have large overheads and an established name to trade with. However, they do offer peace of mind, even if it is sometimes more expensive!

View the UK Car Insurance Guide