How to Compare Quotes from the Best Car Insurance Companies in the UK

When comparing UK auto insurance carriers, there are a few factors to bear in mind. To begin, examine the amounts of coverage given by each insurer and ensure that the coverage suits your requirements. To get the most bang for your buck, evaluate the premiums given by each provider. Furthermore, the insurer’s financial soundness and the quality of its customer service are key factors to consider. It is also a good idea to check into any extra services, such as breakdown coverage and legal protection.

The cheapest vehicle insurance coverage is not necessarily the best option. Instead, consider the quality of the cover and the customer care provided, as well as the price. The degree of customer service provided by the organization, as well as its financial stability, should be assessed.

The following is a step-by-step guide to comparing vehicle insurance rates immediately online: 

  • Compare quotes from several vehicle insurance companies. Begin by visiting comparison websites such as MoneySupermarket.com, Compare the Market, Go Compare, and Confused.com. These websites allow you to compare prices from several vehicle insurance providers.
  • Fill up the blanks with your information. You must submit personal, vehicle, and driving history information. This will help the websites provide you with the most affordable vehicle insurance rates.
  • Examine the details of the policy. When you obtain the quotations, thoroughly read them. Examine the excess, the quantity of coverage, what is and isn’t covered, and any limits.
  • Choose a policy. After comparing the quotations, you may choose the one that best meets your needs and budget. Always read the fine print before signing a policy.
  • Consider extra benefits. Some motor insurance companies include optional extras such as breakdown coverage, legal protection, and personal injury coverage.
  • Look for ways to save money. Some vehicle insurance providers may offer a discount if you have numerous policies with the same company, are a named driver, or have not made a claim in the last year. Always ask about any discounts that may be offered.

What are the Average Car Insurance Costs by Insurance Company?

The typical cost of automobile insurance varies widely depending on the insurance carrier and is decided by a number of criteria including the driver’s age, driving record, vehicle type, and location. Because of the bigger risk pool, the larger the insurance firm, the cheaper the rates it can give. However, rates might fluctuate dramatically across organizations, even if they are both huge national corporations. It is important to shop around and compare prices and coverage choices to ensure you are receiving the best deal available.

According to research from confused.com, the average cost of auto insurance in the UK in 2020 was £526. That works out to £43.83 each month, however, if you opt to pay monthly interest, the overall cost would be greater. In the United Kingdom, the average cost of automobile insurance varies substantially amongst insurance carriers. Depending on the firm, the average yearly premium for comprehensive coverage might be much higher or cheaper. The following are some of the biggest suppliers, along with their typical yearly rates:

The table below shows the average cost of car insurance from insurers in the UK across all groups in 2020.

Annual expenses:

  • Aviva: £477
  • £558 Admiral
  • Direct Line: £608 LV=: £624 NFU: £608 £746 in mutual funds
  • Saga: £1,114

Costs per month:

  • Aviva: £39.75
  • Admiral costs £46.50.
  • Direct Line: £50.67 LV=: £52 NFU: £50.67 £62 (mutual)
  • Saga: £92.83

Best Car Insurance Companies in Terms of Annual Cost

Choosing or categorizing the finest auto insurance is critical since it protects you from financial damages in the case of an accident or other problem. By completing research and comparing several plans, you can guarantee that you are obtaining the greatest coverage at the most inexpensive price. It is also critical to ensure that your service is trustworthy and has a solid reputation. Having the greatest auto insurance may provide you with peace of mind in the event that anything unforeseen occurs.

The amount of money spent on anything over the course of a year is referred to as the annual cost. Rent, insurance, taxes, utilities, and other recurrent charges are examples of such expenses. Paying for a full year’s worth of insurance ahead is nearly always the lowest alternative since paying monthly will incur interest.

The easiest way to identify the best insurance provider based on yearly cost is to look for insurers with the lowest prices. The following are some of these insurance companies:

Best Insurance Companies by Annual CostAnnual Cost
Direct Line£614.01
LV=£667.63
Privilege£691.19
Elephant£836.27
Diamond£843.73
eSure£1034.90
Churchill£1078.56

AXA, Direct Line, and LV= are three of the top national insurance firms that give the lowest vehicle insurance quotations on average, according to tests. This is often accomplished via their “cheaper” brands, such as Swiftcover and Privilege. Prices, however, may vary according to the driver’s region, vehicle type, and driving history. Prices might even vary from one week to the next.

Best Car Insurance Companies in terms of Monthly Cost

Monthly expenditures include rent or mortgage payments, utilities, automobile payments, insurance fees, and subscription services. Paying for vehicle insurance monthly is more costly than paying for car insurance yearly. If you pay in monthly installments, you are basically borrowing the whole amount of the insurance from the insurer. You will have to pay more money overall since you will be charged interest. In one case, paying for insurance monthly rather than annually boosted prices by around 10%.

Best Insurance Companies in Terms of Monthly CostMonthly Fee

Best Insurance Companies by Monthly CostMonthly Cost
Direct Line£51.16
LV=£55.63
Privilege£57.59
Elephant£69.68
Diamond£70.31
eSure£86.24
Churchill£89.88
  • Direct Line is the lowest of the listed insurance carriers, costing £51.16 per month.
  • With a monthly cost of £55.63, LV= is the second-cheapest insurance carrier.
  • With a monthly premium of £69.68, Churchill is the most costly insurance provider.

It is important to note that these estimations may be somewhat off owing to the varied interest rates charged by different insurers for monthly payments. Furthermore, various insurers may provide different savings for making annual payments. As a result, it is critical to shop about and compare multiple insurers to discover the best rate.

Best Car Insurance Companies Based on Driving History

A driving profile is a record of a person’s driving habits. It may include data such as the number of miles traveled, the time of day, speed, and other driving habits. It may be used to analyze the risk of a person’s driving behavior and aid in the improvement of their overall driving performance. According to Statista, the average cost of auto insurance for those in their twenties was the highest of all age groups in 2020, at £851.

The lowest average age group for auto insurance in the United Kingdom was drivers in their fifties, who paid an average of £468. This does not, however, indicate that your insurance will get less costly as you age since the cost will rise again after you reach the age of sixty.

The following are some typical prices:

  • £851 for 20-year-olds
  • £719 for 25-year-olds
  • £639 for 35-year-olds
  • £575 for 45-year-olds
  • £468 for 55-year-olds
  • £491 for 65-year-olds
  • 75-year-olds pay £752.

Drivers between the ages of 17 and 24 spend £932 on average for vehicle insurance, which is 44% higher than the overall average. This is because insurers evaluate the risk to calculate rates, which may look unfair if you drive safely and have never been in an accident. Insurers will price your coverage based on the total risk offered by younger drivers, who are statistically more prone to submit claims. As a result, even if you have never been in a vehicle accident or been penalized for speeding, the general risk for your age group will raise the cost of your insurance.

Although gender discrimination does not exist in principle anymore, men drivers still earn more than female drivers on average. According to Confused.com, male motorists spend an average of £574 for vehicle insurance, about £100 more than female motorists, who pay an average of £477. Your driving history will enable you to get lower-cost auto insurance.

The following table shows the cheapest vehicle insurance carriers as of January 2023:

Best Insurance Companies by Monthly CostAnnual Cost
Direct Line Group (Privilege)£290
AXA (Swiftcover)£291
LV=£338
Aviva (QuoteMeHappy)£404
More Than (Essentials)£408
Admiral£456
Hastings Direct£673