Why you must buy car insurance online

Why you must buy car insurance online
With so many motorists buying their cover online, most insurers now offer a sizeable discount in the hopes of luring customers to their site.
Damian Clarkson

Motorists can slash their car insurance premiums by up to 15% simply by shopping online.

Insurers often prefer selling their cover online as it means lower overheads for them, and some of this saving is passed on to the customers.

With the average car insurance premium rising by more than 5% this year and petrol prices still extremely high, such a saving will no doubt come in handy for many motorists.

Discounts vary widely
The good news is that, with so many customers choosing to buy their cover online, the vast majority of insurers now offer a discount for buying through their site.

Kwik Fit currently offers an impressive 20% online saving, while Tesco promises a discount of up to 15%. This can translate into a massive saving for many motorists.

Of course you shouldn’t just choose your cover based solely on which insurer offers the largest discount – a 15% saving means nothing if your premiums cost 30% more than they would have elsewhere.

Enter your details in an insurance wizard – essentially a comparison site – and this will scour dozens of different deals for you.

And if your current policy is about to expire, never forget the golden rule of insurance: Never simply renew. This is because insurers tend to reserve their best rates for new customers whilst bulking up on those already 'in the net'.

 Insurer  Online discount
 Kwik Fit  up to 20%
 Tesco  up to 15%
 Churchill    up to 15% 
 Lloyds TSB    up to 15%
 Norwich Union    up to 10%
 More Than    up to 10%
 Marks & Spencer  up to 10%
 Direct Line  up to 10%
 Nationwide    up to 10%
 Barclays    up to 10%

Next Article: Barclays appeals ban on point of sale PPI

Previous Article: Driving with children

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