Car insurance discounts are readily available, as insurance is something that, according to the law, all drivers in the UK must purchase. It requires every person who uses a vehicle to have a least third party personal injury insurance. Because of this, the number of car insurance providers is huge. This is great news for the UK’s 36 million drivers, as these companies are constantly in competition with each other to provide the cheapest insurance premiums for you.
There are a variety of companies in the UK which offer car insurance, from specialist insurers to high street supermarket chains. The sheer number of insurers operating in the market today ensures that it remains competitive. The vast majority of providers offer online insurance applications, and the majority of these offer a discount for purchasing a policy online. This online discount is usually between around 10 and 20%, but can be more or less than these figures. Internet only providers boast that they offer the biggest discounts and cheapest quotes as they have fewer overhead costs to pay, therefore can pass their savings on to the customer. This is not always the case, so it is always worth shopping around for a suitable quote at the level of cover you want.
There are other ways to get a discount on your car insurance: As with most types of insurance, the vast majority of car insurance providers will offer a discounted policy for people with no previous claims. Depending on how long you haven’t claimed for determines the size of the discount, which can potentially be quite substantial. Naturally, car insurers work on the assumption that people with no claims are at less of a risk than those who have claimed.
It is worth noting that you will get discounts off of your car insurance premiums if your car has a smaller engine, for example, as, once more, you are considered to be at less risk.
*All information displayed in this table is subject to change. Please consult individual insurers for terms and conditions.
