Best and worst car insurance companies

Can car insurance be transferred to a new car?

Correct، you can transfer your car insurance policy to your new car even if you’re in the middle of your 12-month policy. Your new car will be covered under the same terms as your previous car after the transfer is complete. However، some insurers may charge an administration fee to make these changes to your policy، such as updating your car make، model، and mileage. It’s worth noting that switching to a new car could impact your insurance premiums، so it’s important to inform your provider as soon as you know when you’ll be collecting your new car، so you can drive it home that day with your new insurance policy in place.

What types of car insurance are there?

To summarize، there are three main types of standard car insurance: third party، third party fire and theft، and comprehensive. Third party covers damage you cause to other drivers but not to your own vehicle، while third party، fire and theft also covers your own vehicle if it is stolen، vandalized or damaged. Comprehensive car insurance provides the widest coverage، including both you and your car، as well as the other driver and their car in the event of an accident. There are also specialized policies such as classic car، multi-car and learner driver car insurance available within these categories.

How much is the average monthly cost of car insurance?

As of February 2023، the average cost of car insurance premiums paid by drivers in the UK was £470، according to the Association of British Insurers. This represents an increase of 8% from the previous quarter، with insurers attributing the rise to the increasing cost of repairs. The average cost of a new policy was £531، while the average cost of renewing an existing policy was £428. It’s important to note that factors such as your excess، car model، and age can also impact your car insurance premiums.

How can I get cheap car insurance?

There are several ways to find affordable car insurance، including negotiating with your current provider and using comparison websites. It is important to conduct thorough research and compare prices before making a decision. It should be noted that insurance companies are no longer allowed to offer better deals exclusively to new customers. Therefore، it is important to explore potential discounts or offers from your current provider in addition to browsing comparison sites. It is also worth noting that some providers، such as Direct Line، only offer insurance directly، and others، such as NFU Mutual، are not available online and require a phone call to discuss their policies.