Premiums Forecast To Break Through £900 Barrier

A significant number of motorists have seen their car insurance premiums increase in the last couple of years. As if that wasn’t bad enough it has been forecast by that is a well-known price comparison website that the average cost of a fully comprehensive car insurance policy may well exceed £900 per annum in 2018.

Of course, that is an average figure but the motorists who have suffered most in terms of how much he or she is paying to insure their car is the younger motorist who is likely to be faced with paying a four figure sum for their motor insurance. That is sometimes more than they are paying in car loan repayments. When you add up all the other running costs for keeping a motor vehicle on the road such as fuel, servicing, MOT and replacement tyres it certainly is very expensive to own a car nowadays.

We have said it on more than one occasion but it is important that people shop around to try to get the best deal when it comes to car insurance. There are dozens of companies here in the UK all keen to take on more motor insurance business so this can only be good for the consumer as insurers compete for your business. They tend to do this in a couple of ways such as to provide a number of options with car insurance but the main option is price – some will be keen to attract your business by offering a mouth-watering premium.

With so many providers of car insurance how can you shop around? Well, by far the most popular way is to use the likes of a price comparison website that has an extensive panel of insurers to provide quotations. Another option is to contact one or more insurers direct who do not look for business through a price comparison website and obtain one or more quotes. You could also use a high street broker, the banks and building societies as well as the Post Office to obtain competitive quotations for car insurance.

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