Cheap Car Insurance Offers
Like so many other business markets the car insurance market started off with a number of very basic offers and slowly grew into the animal which we see in front of us today. The depth of the UK car insurance market today is enormous with third party, 3rd party fire and theft and fully comprehensive cover available together with a range of added extras which you can pick and choose.
However as car insurance premiums continue to move higher, partly due to the growing risks on the road and the costs associated with uninsured drivers, we are seeing a growing number of driver in the UK returning to a no frills service, with the option to add extras such as breakdown cover and the like to the package. Basic third party quotes have risen substantially as many more drivers try to retain as much of their household income as possible.
As you might expect there is still a fair amount of competition in the cheap car ins sector, with many insurers and insurance brokers making their margin from the add ons. So whether you increase your excess, thereby reducing your premiums or opt for a vehicle which will be cheaper to cover, there are still options out there.
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The History Of Cheap Insurance
The UK cheap car insurance market has received something of a boost over the last few years with more and more drivers dismayed with the seemingly constant rise in car insurance premiums. For many UK drivers it is very much a case of back to basics with their car insurance, or the option of taking their car off the road completely. The industry seems to have come full circle for many who may historically have opted for the fully comp cover which was much more affordable only a few years ago.
Cheap car insurance does not mean a sub-standard service, it is just a way of cutting back to basic cover for your car. So whether you increase your excess payment, downgrade to a less powerful car or even opt for the newer additions to the market such as pay as your drive car insurance or short term insurance cover, there are options available.
The market for cheap car insurance in the UK has always been competitive, even though it can often be low margin, due to the fact that it can be a stepping stone to more comprehensive cover in the future. This area of the market still attracts the main players such as Norwich Union car insurance and companies of a similar standing because they know the potential for the future.
Cheap Car Insurance Providers
As you would expect from the description of the services, cheap car ins, this is the “value” end of the market affording the most basic of cover to a vehicle. Basic third party cover may be in, but the likes of third party fire and theft and comprehensive insurance are often ignored. However, the cheap car insurance market has given many companies the chance to cross sell their other insurance services such as home insurance, travel insurance, pet insurance and life insurance to their customers.
So whether you are looking to check out Endsleigh Insurance (www.endsleigh.com), Norwich Union insurance (www.norwichunion.com), Budget insurance (www.budgetinsurance.com) or other insurance companies / insurance brokers such as Elephant.co.uk (www.elephant.co.uk) and the Confused insurance comparison (www.confused.com) there are still many options open.
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