UK Insurance News

car insurance

It always strikes me as a bit odd that insurance companies say on the one hand that they do not make any money out of motor insurance in the UK, and yet on the other hand every other television advert is selling motor insurance.

Is it because they are spending all their profits on advertising while chasing the kudos of being the biggest supplier of this product in the UK? Who knows?

It goes without saying that purchasing an insurance product is similar to purchasing anything else in life, invariably you get what you pay for and that is particularly true of motor insurance.

Recent research by the independent financial research company Defaqto shows for instance that only 23% of comprehensive motor policies include a courtesy car as standard, a staggering 49% did not provide one at all and the rest including the courtesy car as an option.

Similarly only 21% of policies provide legal cover for uninsured loss recovery as standard. Again around half of the providers offered this as an option and 28% do not cover this item at all.

So clearly it is not only worth shopping around, but also comparing like for like. Figure what cover you are comfortable with and search for the best quote to cover those needs, but remember if you are involved in an accident and left without a car, the cost of hiring one yourself could easily cost more than having it included in your policy to start with.

Something that you will see if you choose an Aviva car insurance quote, is the ‘Uninsured Driver Promise‘. This is something that I have seen from a few of the top names recently and certainly it is an ‘extra’ that offers peace of mind knowing how many uninsured drivers are on the roads.

In conclusion, it is clear with motor insurance that if you pay a budget price, you get budget cover. If you are happy with that, fine, but remember that if you do have an accident it will most likely cost more than the saving that you have made in your premium.