Silver Surfer Personal Checks
Car insurance. Premiums Driven Down By The Internet.
After so many experts warned us that the cost of car insurance is on the rise, what happened? It's fallen! It is mainly down to the growing impact of online shopping.
In the second half of 2005, the average insurance premium car fell from £ 470.17 to 462.15 pounds. But it's the Silver Surfers who have benefited most. During the last six months of last year, drivers older than 65 years have seen its average premium decrease of 4.5% from £ 342 to £ 347. What is more surprising are the huge differences in premiums between providers. Differences 40% between the most expensive and cheapest are common.
It seems that most drivers are not aware of this as every year, half of them automatically renew their insurance with their existing insurer. The more than 19% only bothered to obtain a competitive quote.
And readers will be surprised that sells policies expensive. A recent survey in "What," the consumer magazine, shows that Norwich Union – the largest insurer in the UK – could not reach higher than in any Driver 36 categories surveyed. Direct Line, another well-known name, just got a top spot.
It is down to the marketing strategies of major brands. They have been building its base of customers with low prices and heavy advertising and then gradually increase prices. They are clearly relying on apathy and loyalty the brand to keep its customers. E with 50% of auto-renewal, it works!
But if you decide to shop around, be careful. A price bass is not everything. Some policies are mouth wateringly low prices, but save elsewhere.
For example, when the car is being repaired You want a courtesy car? Some policies pay only £ 100 or so for theft of audio equipment. Is it enough? You want to insure your personal belongings while they're in your car? And, fundamentally, some global policies will not cover third party, if you drive the car of another person – even with its permission!
Before you decide, it is prudent to consider all these aspects.
But back to the price if you think prices are cheaper on the Internet, you're right! Internet prices are generally 5% – 10% cheaper than telephone quotes.
When Internet shopping most people look for the cheapest quote and then read the details about the cheapest policy to verify that coverage is necessary. You can hunt down the best deal by searching "car insurance", but some of the insurance discount sites are most easily found if you type "insurance car discount "or" cheap car insurance. "
But remember, when renewal time comes around to go shopping again. Not renew automatically! It's so easy on the Internet, I discovered this year. My previous insurer quoted me £ 945 and I finally bought it for $ 702. The economy of £ 243 for 30 minutes of work.
About the Author
Brokers Online are a uk finance site who specialise in Car Insurance and Cheap Life Insurance
SENTRY Update (10/11/09)