Do a quick search on the internet and It seems that all car insurers are now offering great online deals for low cost car insurance. On the surface there are some great savings to be made especially now that you can easily compare most auto insurance providers against their nearest competitors.
Just by purchasing your car insurance policy directly online will guarantee you savings when comparing quotes with high street insurers, but you do have to shop around. This is relatively easy as a quick search will return several comparison sites that can compare hundreds of quotes and highlight the best deals.
This is good for the consumers as the recent increase of car insurance premiums of 14% on average (according to an AA report) is not as noticeable due to the fierce competition between online insurers which has kept insurance premiums at a competitive level.
They all want your money, but customer loyalty isn't what it used to be now that almost everyone has access to the internet. A good insurer gone bad might lock you in for a year but that's about it, even the top insurers are aware of how the internet has become a game changer in the car insurance industry and 'consumer buying power' now rules.
As a motorist you will need to decide exactly the type and amount of cover you will need. If you are on a tight budget there are two options available to you. If you're car is several years old and has very little resale value and you are not too concerned about bumps or dents or any other damages your car might sustain in an accident then 'third party only' or 'third party fire and theft' is the cheapest options available.
This is also the legal minimum requirement that any low cost car insurance provider can offer, but you will have to pay out of your own pocket to repair any serious damages to your own vehicle.
If on the other hand your car is relatively new with a higher resale value it is sensible if not essential that you get 'comprehensive cover' as the costs of major accident repairs can be quite substantial. Again, it would be sensible to pay for your insurance policy annually as this is were the best savings are to be had. But if you are on a very tight budget, and you need to use your car regularly every week, then there are insurers who will accept monthly premiums with no deposit but you will be paying that little bit extra for the privilege.
A lot depends on the level of cover you require and costs can vary widely from one insurer to the next. This is were the car insurance comparison sites can indeed save you a great deal of time and unnecessary stress. Just with a little digging and in a matter of minutes you could uncover some excellent deals and special offers on a monthly repayment policy.
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