6 Things to Remember When you Compare Car Insurance

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Written by Michael Foote, Insurance and Finance Expert

Michael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.

So, it’s time to compare your car insurance, but before you dive right in there are a few things you should try to remember to make sure you get the best cover. When comparing car insurance, there are several factors insurers consider, and these can influence your quote massively.

To make sure you receive adequate cover and get the most suitable policy for your needs, here’s a few things to remember when you compare car insurance.

Cheapest isn’t always best

Although it can be tempting to dive in and buy the cheapest car insurance you can find, remember that cheapest doesn’t always equate to best. Each policy will come with its own set of perks and the trick to getting the best car insurance for you is finding one that compliments your circumstances the most.

A great example is the inclusion of a courtesy car. While it may knock the premium down a bit if you don’t include this on your policy, can you really afford to be without a vehicle if something happens to your car? This is the kind of question you should ask yourself before committing to the cheapest policy you can find.

Mind those unnecessary extras

Although some of the extras such as courtesy car or legal expenses cover may be great for some, for others these could be nothing more than a pointless waste of money. Again, consider your personal circumstances and check whether the policy meets or exceeds your needs. If it’s the latter, remove some of the unnecessary extras and you may be surprised how much you can shave off your premium.

Consider a black box if you’re on a budget

While some people are adamant that they do not want one, if you’re trying to keep the cost of your insurance as low as possible, particularly for younger drivers then you may want to consider getting a black box. Having a black box fitted can severely reduce the cost of your premium, so if money’s tight then make sure you include these options in your search results.

If you go ahead and get a black box fitted, just be sure to stay within the speed limit and don’t exceed the stated mileage, otherwise you may see the costs of your insurance rise sharply.

Be accurate with mileage

Even if you plan to get insurance without a black box, you still need to be honest about your mileage. Some people believe the lower the mileage stated the lower the premium, but in some cases the truth is actually the opposite. Being honest will ensure you have the correct cover, plus you may even save some money.

Tweak your voluntary excess

Playing around with your voluntary excess can have a surprising impact on the overall cost of your premium. Surprisingly, reducing what you’re willing to pay in the event of an accident can actually REDUCE the cost of your insurance. Play around with the filter and see where the sweet spot is.

Check your job title

Even if you don’t use your car for your job, your job title can tell the insurance provider a lot about you, meaning this seemingly minor detail can have a pretty significant impact on the price you’re quoted. There are a number of ways to describe the same job so it’s important to be as accurate as possible.

Many people become stressed and confused when it’s time to compare car insurance. But by following these simple steps you can make the process as cheap and painless as possible.