Pick the right type of insurance
Pick the wrong type of insurance and you'll pay hundreds of pounds more than you should.
- If you're a young or infrequent driver, a 'pay as you drive' policy could slash 40% off your car insurance bill. Pay-as-you-drive insurers will fit a device to your car which measures how much you drive. You the pay a certain amount per mile for your insurance, as well as a set monthly fee. You will pay more per mile during peak times than off-peak times. It's often the cheapest option for young motorists who are willing to forego night-time driving and it can also work out cheaper for infrequent drivers. Find out more
- If you want a comprehensive policy, look very carefully at the small print. The best quality comprehensive car insurance policies will provide a like-for-like courtesy car for you to drive while yours is being repaired. But some policies will only provide Category A cars (typically small hatchbacks with manual gears - not much use if you need a family car or can only drive an automatic). Others will force you to pay extra for courtesy car cover. Similarly, comprehensive car insurance should include legal assistance to help you recover any losses in the event of a dispute or if you have a problem with an uninsured driver. The best policies provide £100,000 of cover. Comprehensive cover should also mean you'll be legally insured to drive anyone else's car with their profession. And look out for extra benefits, like lifetime guarantees on repair and paintwork and breakdown assistance.
- If your car isn't worth much, savings can be made by opting for third party, fire and theft cover only -- as opposed to fully comprehensive insurance. Increasing the excess will also reduce the cost.
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