Where can you get the cheapest car insurance?
Published: 4 December 2009 By MoneyHighStreet Staff Leave a Comment
Where you live is a key factor in getting the cheapest car insurance and it seems the Scots post codes are fairing best – but it’s not just where you live that determines your car insurance price.
A key way of saving money on your car insurance is to shop around. See what different car insurance providers are offering by using a comparison site such as that offered by Confused.com, moneysupermarket.com or Gocompare.com.
Research from moneysupermarket.com showed, as you might expect, urban hotspots such as Manchester and Birmingham have among the most expensive post codes for car insurance.
Truro in Cornwall is the cheapest place to insure a car, with Penzance in Cornwall and Bury St Edmunds in Suffolk in the top ten cheapest places, along with 7 locations in Scotland.
Motorists in the most expensive areas for car insurance can end up paying some £500 for their premiums than those who live in the cheapest areas.
As Steve Sweeney, head of motor insurance at moneysupermarket.com said: “An array of factors can determine the price you will pay for car insurance, from crime and population levels in your area, to where you park your vehicle.
If your area is classified as ‘high risk’, insurers who don’t assess motor insurance on an individual basis may adopt a blanket approach and many motorists could find their insurance is quite high to compensate for this. If premium costs were evaluated on a case by case basis, many motorists would receive quotes at a better price to match their individual circumstances.”
As well as shopping around for your car insurance and considering where you live, there are other ways to save money on it – see our article ‘Save money on your car insurance‘ for our 5 tips on this.
