Why Value Matters More Than Price
When shopping for car insurance online, most drivers instinctively look at the lowest number on the screen. It’s natural; the premium is the most obvious figure. But there’s a big difference between the cheapest price and the best value. A policy that looks affordable on day one may come with exclusions, high excesses, or hidden fees that cost you much more in the long run. That’s why UK drivers are better off looking for value rather than just price.
Tip 1: Compare More Than One Website
Comparison sites are powerful tools, but no single one covers the entire market. Each platform has its own panel of insurers, meaning some deals may appear on one but not another. If you only use a single site, you might miss out on more competitive offers elsewhere.
A really good approach is to check at least two comparison sites and then look directly at insurers who don’t appear on them, such as Direct Line or Aviva. The extra 10 minutes spent can make a significant difference to both your premium and your cover options.
Tip 2: Look Out for Online-Only Discounts
Insurers often provide special discounts for customers who buy online. This saves them money on call centre staff and paperwork, so they’re willing to pass on some of that saving. Look for reductions tied to:
- Buying your policy through a comparison site link
- Agreeing to paperless documents
- Setting up direct debit online
These discounts might not be heavily advertised, but they can reduce your costs without cutting back on cover.
Tip 3: Adjust Your Voluntary Excess Carefully
Every car insurance policy comes with an excess; the amount you pay if you make a claim. There are two types: compulsory (set by the insurer) and voluntary (the amount you choose). Increasing your voluntary excess can lower your premium, but there’s a balance. If you set it too high, you could face a nasty financial hit if an accident happens.
Imagine agreeing to a £750 voluntary excess to save £100 on your premium. That saving looks good until you scrape your bumper and face a £1,000 repair bill. Suddenly, the £100 saved feels insignificant compared to the out-of-pocket cost.
Tip 4: Avoid Paying for Extras You Don’t Need
When buying online, insurers often offer add-ons such as breakdown cover, legal protection, or key replacement. These extras can be valuable, but check first whether you already have them. Many bank accounts and membership packages include roadside assistance or travel insurance. Doubling up means you’re paying twice for the same service.
Tip 5: Be Accurate With Your Information
It might be tempting to estimate your mileage lower than reality or choose a slightly “safer” sounding job title. But accuracy matters. If your real driving pattern doesn’t match what you declared, an insurer could refuse to pay a claim. Honesty leads to fairer quotes; and a balanced mind.
FAQs About Getting Better Value Quotes
Is a higher voluntary excess always better?
Not necessarily. It reduces premiums but increases your financial risk. Choose a number you could realistically afford if you might needed to claim.
Do comparison sites affect my credit score?
No, most perform a “soft search” that doesn’t affect your credit history. A hard check only happens if you proceed to buy and pay monthly.
Are online-only insurers safe?
Yes, as long as they are authorised by the Financial Conduct Authority (FCA). Always check the FCA register if you’re unsure.
All Things Considered:
Better value in car insurance isn’t about shaving off a few pounds at renewal. It’s about achieving the right balance of protection and price. By comparing multiple sites, checking for discounts, being cautious with your excess, and avoiding unnecessary extras, you’ll get a policy that protects both your car and your wallet.