Don’t simply accept the first quote from an insurer – there’s lots of legal ways you can use to reduce the cost of your premium.
These are a good place to search as you can get multiple quotes quickly.
The comparison sites panels of insurers vary, and in some cases, the prices across the same insurer, so you should check and compare as many as possible in any order.
It’s a pain but it's effectively the equivalent of doing five or six quotes rather than one, getting quotes from scores of insurers. In the days when you had to to contact each insurer separately, it’s time well spent.
Some comparison sites have reward schemes to incentivise repeat customers, although loyalty isn't much of a benefit.
It may you apply for a policy paid by monthly instalments - but it’s no different if you'd gone to the insurer directly.
Some insurers will run 'soft' searches on your credit record to verify your identity. You will see these on on your credit file, but they aren’t visible to other companies so won't affect your rating.
Prices shown on a comparison site are genuine, live quotes from insurers. However, check out the following:
Check the policy details again when you're on the insurer's website, to be sure the comparison site described details correctly.
When you’re on the insurer's site, you'll be asked to agree to a number of 'assumptions'. This is information assumed to be correct about you that you haven't provided via the comparison site.
Check carefully. If any of it is inaccurate, your quote could be incorrect and policy not valid if you accept.
Some insurers don't feature on any comparison sites.
Here are some of those insurers.
NFU Mutual doesn't sell online at all. You'll need to call one of its broker centres for a quote. They offer a lifetime guarantee on repairs and purport to have a 'no quibble' approach to claims.
Cashback sites are another variety of comparison sites. Sites - such as Quidco and TopCashback - pay you a cash reward when you go through from them to buy goods or financial products.
Whilst worth checking out, they don't necessarily offer you the best value deals, even with cashback!
A £250 insurance policy with £50 cashback is far from a bargain if you can get the same cover elsewhere for £150.
Insurers still reserve the best deals for new customers and loyal customers don’t always get the best price so it can pay to haggle with your provider when the time comes to renew your policy.