The Towers Watson and Confused.com Car Insurance Price Index makes for interesting reading. However, it is not the news that you really want to hear about just before Christmas.
For roughly the last 3 years, we had seen the average cost of comprehensive car insurance come down by around 32.5% and then things started to head in the other direction back in September of 2014 with premiums rising on average for this level of insurance cover by 0.6%. It would have been great to have thought that this was just a one off increase but unfortunately this was not the case as in October 2014 there was a bigger rise of 1.2%.
Unfortunately, things have not improved. In fact, in November 2014, premiums rose once again but this time by an average of 0.3% taking the cost of fully comprehensive car insurance to an average of £590.
This just goes to show how important it is to shop around for your insurance to try to get as cheap car insurance as you can. Obviously, it is vital that you get the most suitable level of cover to meet your requirements but for as low a premium as possible.
When doing your research, you should make sure that you are comparing like with like. For instance, if you have total excesses of say £200 with your policy make sure that the quote you get has an excess of no higher than that figure. If you have legal assistance cover included then make sure the new quote you get also includes that potential benefit.
There are various ways that you can shop around such as using an insurance broker or going on the Internet and using a price comparison website to get quotes from many different insurance companies. It could be time well spent as you may be able to save yourself some money.