According to the Association of British Insurers (ABI), the average cost of insuring cars in the UK for those taking out fully comprehensive policies dropped last year and that has got to be welcome news for the UK motorist.
Comprehensive car insurance premiums fell in 2013
In the final 3 months of last year, the average price for comprehensive car insurance was £370 whereas, twelve months ago, it would have cost £406. That is a drop of 8.9% equating to £36.
However, before you get too excited, average premiums for this level of cover actually went up in the fourth quarter of 2013 by £5 in comparison to the third quarter of 2013.
In view of the changes in prices seen on a quarterly basis, it is probably a good idea that you should make sure you get a number of competitive quotes to compare with the renewal notice that you have received from your insurer. Equally, if you are looking for car insurance for the first time, it is also a sensible course of action to do the same. This is particularly important if you are a young driver who has perhaps only recently passed their driving test as premiums are usually very high for the young driver in view of the increased risk of such drivers having an accident.
One way of shopping around is to use a price comparison website. You should only have to key in the requested information once in order to get a number of quotes to compare. At the same time, you can quickly make certain changes to the information to look at the impact such changes have on the premium. For instance, how much more does it cost to include cover for legal expenses cover or breakdown cover?
Another thing to bear in mind is that you should not presume that fully comprehensive car insurance is always going to be the most expensive level of cover when compered with the likes of third party, fire and theft. Some times it can be cheaper.
