Top 10 Cheapest Car (Auto) Insurance Companies in 2024

In 2024, car insurance is more expensive than ever. So it is more important than ever to find the cheapest car insurance for you. Auto insurance in the UK is compulsory. Nobody is allowed to use public roads without having insurance on the vehicle they are driving. Doing so could get you fined a considerable amount. In some cases, it could even make you lose your car. The only time you may not have insurance on a car is if it is declared off-road.

This means it is not in use and thus may not be insured. There is a wide range of car insurance companies to choose from, and they all have different insurance quotes, from the priciest to the cheapest. The price range for the lowest car insurance quotes is between £281 and £333 per annum. Different factors affect the quote every respective individual will get. It is important that you compare multiple insurance quotes from different companies before deciding on one.

The biggest advantage of getting cheaper car insurance is that it saves money. One of the factors that affect how costly your insurance is is the insurance provider. Another factor that affects how costly your insurance will be is the insurance group your car belongs to. The model of a car affects how much insurance you pay for it. There are different types of cars, and depending on which group they fall under, they have different insurance costs. The cheapest car insurance will be the one issued for a car that belongs to a lower group. This means that an insurance company will spend less on insuring it. Cars in lower groups are thought to be low-risk and cheaper to fix or replace, as the case may be. Cars in the higher groups cost more to insure. This is because they are considered high-risk, may also have expensive spare parts, and the cost to replace them is high. The group a car belongs to is decided by many factors. For example, damage, replacement parts, repair cost, repair time, new car price, performance, brakes and security. There are only three basic levels of car insurance coverage people choose from. The first is fully comprehensive insurance which is the highest level of coverage available for a car. It protects against all kinds of damage and protects the driver and other third parties. Fully comprehensive insurance costs about £555 on average. The second type of coverage is the third party, fire & theft coverage. These policies provide coverage for only the third parties involved in an accident. Third-party, fire & theft coverage. also protects your car in case of theft or damage from fire. Third-party, fire & theft coverage. costs about £841 on average. The third basic level of insurance you can get for a car is third-party cover. It is the minimum legal requirement you need to drive on a public road and is usually the most expensive type, especially for new drivers. The third-party cover provides coverage for other people affected by accidents, as well as their cars and property. Third-party cover costs about £1,157 on average. The top three top national companies that offer great services and cheap car insurance quotes include AXA, Direct Line and LV=. The actual price you pay will vary depending on factors like your location, your type of car, your driving history and much more. Among all three, the cheapest is AXA (Swiftcover), with an average quote costing as low as £281. It is about 18% cheaper than Direct Line (Privilege), which costs around £299 on average, and more than 30% cheaper than LV= with its average quote of £333. Besides AXA, LV= and Direct Line, there are seven other insurance providers known for their cheapness and great service.

Here is a list of the top 10 cheapest car insurance companies in the UK: 

1. AXA (Swiftcover) has an average monthly cost of £23 and an annual cost of £281
2. Direct Line Group (Privilege) has an average monthly cost of £25 and an annual cost of £299
3. LV= has an average monthly cost of £28 and an annual cost of £333
4. Aviva has an average monthly cost of £40 and an annual cost of £481
5. QuoteMeHappy(Part of Aviva) has an average monthly cost of £35 and an annual cost of £415
6. Churchill (Direct Line Group) has an average monthly cost of £33 and an annual cost of £410
7. More Than (Essentials) has an average monthly cost of £35 and an annual cost of £418
8. Admiral has an average monthly cost of £35 and an annual cost of £420
9. Hastings Direct has an average monthly cost of £57 and an annual cost of £686
10. Diamond (Admiral Group) has an average monthly cost of £60 and an annual cost of £724

1. AXA (Swiftcover) Annual and Monthly Insurance Cost

Swiftcover was created in 2005. Swiftcover started out as a virtual-only insurance company and aimed at offering customers insurance at a good value. According to reports, Swiftcover was the first company in the UK to allow its clients to print their car insurance certificates instead of sending them by post. Swiftcover was acquired by AXA in 2007 and has since remained a subsidiary under them. AXA (Swiftcover)’s headquarters is located in Cobham, Surrey, and it has a number of call centres scattered across the UK. Swiftcover specialises in two levels of car insurance. One is full comprehensive coverage, and the other is third-party, fire and theft cover. Swiftcover offers two types of coverage: Standard and Plus. Standard and Plus both generally cover two levels of insurance. Switchcover Plus also offers extras like Wrong-fuel cover, Stolen keys cover, and Onward travel cover. Many consider the company the cheapest insurance provider, with an average monthly cost of £23 and an annual cost of £281. AXA offers great car insurance discounts, including an option that lets you save by paying upfront.

Some discounts you can enjoy for getting insured by Swiftcover are listed below:

• Nextbase dash cam: This can save direct new customers up to 12.5%.
• No Claims Discount: Every year without claims made by a driver is another increase in discount.
• Pay all at once: With Swiftcover, it is more cost-effective to pay the premium once rather than in instalments.
• Buy your policy early: You can save up to 50% if you arrange your policy up to three weeks ahead of the start date.

Switchcover is popular among young drivers who enjoy its great service. The pros of getting your car insured by Switchcover are listed below.

• They offer guaranteed repairs from their approved network as long as the car is yours
• They offer great discounts
• They provide printable insurance certificates
• They allow you to make admin changes at no cost
• They usually only ask about accidents as far back as three years while other insurers ask for five.

The cons of getting your vehicle insured by Switchcover are listed below: 

• Swiftcover is not the best choice for people who like to call customer support when they encounter issues. There are long wait times, and you may be charged for them.
• Poor website design. There have been complaints that Swiftcover's website makes it harder to get quotes.

2. Direct Line Group (Privilege) Annual and Monthly Insurance Cost

Direct Line Group is one of the top-rated insurance providers and is the third largest vehicle insurance company in the UK. Direct Line Group was launched by Peter Wood as a telephone insurance provider in 1985. Direct Line Group’s customer service and policy features make them a top choice for UK residents. Some of the good features the company offers on its comprehensive car insurance coverage include a windscreen cover, a courtesy car, and a long warranty on repaired products. The coverage Direct Line Group offers varies between their Standard and Plus tier. The two levels of coverage they provide include Third party, fire & theft and comprehensive. Direct Line Group not only offer valuable service, but they also give their consumers opportunities to lower their barrier of entry with discounts. Direct Line Group provides multi car discounts, joint car and home insurance discounts. Direct Line Group is especially recommended for young drivers. Their DrivePlus package offers Black Box insurance to drivers who are 25 years of age or younger. The black box keeps an eye on a driver’s driving habits. High safety scores mean lesser premiums when it’s time to renew. Direct Line is also great for people who own high-class vehicles because they have a type of coverage called Select Premier insurance. Direct Line Groups’ average annual insurance cost is £299. Direct Line Groups’ average monthly insurance cost is £25.

Some merits of getting insured by Direct Line are listed below:

• With their comprehensive cover, the no-claims bonus is protected for a variety of no-fault claims.
• They will not charge you for mid-term amendments
• They always have exclusive deals for their existing clients.

There are not many demerits to doing business with Direct Line. There have been complaints about Direct Line’s claims line not being available 24/7. They also have low coverage on car keys.

3. LV= Annual and Monthly Insurance Cost

 LV stands for Liverpool Victoria. LV= is another popular and cheap insurance provider in the UK. LV= provides a wide variety of insurance coverage for standard cars and electric cars. LV= has a long history in insurance that dates as far back as 1843. LV= also offers two levels of cover: third party, fire & theft and fully comprehensive. They will also provide third-party cover to their existing clients who have to drive other cars; however, this is not a standalone policy. Some of the features LV= offer at the comprehensive level include damage cover, windscreen and window glass cover, fire and theft cover, and personal accident cover. LV= also offers optional extras listed below:

• Breakdown cover
• Motor legal expenses cover
• Guaranteed hire car cover
• Increased personal accident cover up to £100,000
• Protected no-claims discount

LV= has an average annual cost of £333. LV= has an average monthly cost of £28. LV= is a great choice for all kinds of drivers. Some advantages of getting your car insured by LV= are listed below:

• Top-notch customer reviews
• Wide variety of features
• Provides misfuelling cover

The disadvantages of getting your car insured by LV= are listed below:

• Cost may be too expensive for some people
• Courtesy car is treated as an extra feature
• Any new changes may incur an administration fee.

4. Aviva Annual and Monthly Insurance Cost

Aviva is sometimes called the largest general insurance provider in the UK. Aviva offers a wide range of coverage and is not restricted to cars alone. Aviva’s roots can be traced as far back as 1696. According to reports, it was created following the merger of Norwich Union and CGU in 2000. The name Aviva was adopted in 2002 and has since grown to become a household name in insurance. Aviva offers third-party, fire & theft cover as well as comprehensive cover, both of which are annual policies. Customers of Aviva get to enjoy a flexible option known as AvivaPlus. AvivaPlus is a pay-as-you-go deal that allows clients to pay monthly at no extra interest. AvivaPlus have three levels of comprehensive coverage: Basic (a watered-down version that does not cover windscreen mishaps or provide a courtesy car) and Regular and Premium versions. The premium version will provide you with a better courtesy car and higher cover levels, among other perks. Aviva’s average annual insurance cost is £481. Aviva’s average monthly insurance cost is £40. Below is a list of Aviva’s optional extras.

• Breakdown cover
• Courtesy car
• Motor legal 
• Drivers enjoy coverage in most
• European countries
• No-claims discount protection.
• Motor Injury Protection Plus.

Some pros of getting insured by Aviva are listed below.

• A hardworking team that is always available 24/7, 365 days per year
• They offer uninsured driver protection
• They provide third-party only cover
• They accept monthly instalments

Some cons of getting insured by Aviva are listed below:

• Cover in other EU countries is an optional extra
• Standard level coverage does not provide courtesy cars.

5. QuoteMeHappy (Part of Aviva) Annual and Monthly Insurance Cost

QuoteMeHappy is a “budget” brand from Aviva. QuoteMeHappy is an online car insurance brand that provides cheaper quotes with fairly great quality. QuoteMeHappy provides comprehensive car insurance that lacks some cover elements, including personal belongings, EU cover and windscreen or glass-only claims. QuoteMeHappy is online-only and self-service. Clients have access to an always active claims service and are allowed to amend their policies online. The main purpose of QuoteMeHappy is to offer greater flexibility to customers. There are two levels of QuoteMeHappy offerings. The first is QuoteMeHappy essentials “plus”, and it offers some good features like rescue after an accident and windscreen repair. The second level is the QuoteMeHappy “essentials”, and as the name implies, it is stripped down to cover only the essentials. QuoteMeHappy is best for drivers that are cost-conscious. Unlike many other insurance providers, QuoteMeHappy has a very strict acceptance process. QuoteMeHappy has declared itself as something not reserved for everybody. To qualify for a cover, the criteria below must be met.

• Must be as old as 21 but not older than 75
• Must be a resident of Great Britain (excluding Northern Ireland, the Isle of Man or the Channel Islands).
• Must hold a UK or EU licence.
• Must drive a car with at most 17 years' worth of mileage, costs £70,000 or less and does not have any significant modifications (some exclusions apply).
• Must keep your car at the registered address of the policyholder.
• Must have only a single claim (excluding windscreen claims) and, at most, two minor convictions in the last five years.

QuoteMeHappy’s service is virtual-based and has been praised by many in reviews. Besides the great service, QuoteMeHappy also offers discounts, including the no-claims discount and multi-car discount. QuoteMeHappy has an average annual cost of £415. QuoteMeHappy has an average monthly cost of £35. With QuoteMeHappy, a driver can get up to a £80 multi-car discount. The advantages of insuring your car with QuoteMe Happy are listed below.

• Low fees
• Self-service allows customers to manage their policies online
• No administration fees
• A functioning 24/7 claims line.

Some disadvantages of insuring your car with QuoteMeHappy are listed below

• High interest on monthly instalments
• Strict acceptance criteria
• Terrible communication channels

6. Churchill (Direct Line Group) Annual and Monthly Insurance Cost

Churchill is a famous car insurer. Thanks to its cute English Bulldog mascot, which has been featured in many of its adverts, Churchill is easily recognisable. Churchill is a brand of Direct Line Group. Before it was acquired, it was a company. Churchill was created in 1989, and reports claim it was one of the first direct car insurers in the UK. It was not until 2012 that Churchill became a part of the Direct Line Group. The company provides three levels of insurance: the third-party fire & theft cover, the comprehensive cover and the comprehensive plus. As a standard, the comprehensive and comprehensive plus both provide covers for fire and theft, accidental damage and more. Some optional extras Churchill offers include breakdown cover, guaranteed to-hire car plus, legal cover, and no claims discount protection. Churchill is most suitable for young drivers thanks to a telematics phone-based app. The app offers a discount at renewal for safe driving. The merits of getting your car insured by Churchill car insurance are listed below: 

• Uninsured driver promise
• Claims made due to vandalisation will not make you lose your no-claims discount
• They have an always available legal advice helpline
• Telematics cover available

Some demerits of getting your car insured by Churchill insurance are listed below:

• They don’t have a claim line open 24/7
• They won’t provide third-party-only coverage

7. More Than (Essentials) Annual and Monthly Insurance Cost

Customers of More Than enjoy different plans with different features created to suit various budgets. More Than has great customer reviews, and the prices are not too costly. More Than offers up to five different tiers of car insurance listed below.

• More Than Essentials is their most basic comprehensive car insurance plan. Extras like Breakdown and motor legal are optional.
• More Than is their standard comprehensive car insurance plan. What sets it apart from Essentials is that it has the wrong fuel cover, an uninsured driver promise, and personal belongings cover. Breakdown and motor legal remain optional extras (breakdown costs £45 per year, and motor legal costs £28.50 per year).
• More Than Extra is their top-tier comprehensive car insurance plan but with breakdown and motor legal included.
• Smart Wheels is their insurance option reserved for drivers between ages 17 - 24. This tier equips their cars with a black box to track their driving.
• Low Miler is reserved for people who drive less than 7,000 miles per year (only for drivers older than 25).

More Than is one of the beloved insurers in the UK because of their many plans. More Than not only has great features, but it also has a great customer satisfaction reputation and a robust online customer portal that allows you to manage your portfolio and make some free changes like address changes (changes like these could cost as much as £25 to make over the phone). More Than has an average annual cost of £418. More Than has an average monthly cost of £35. The pros of getting insured by More Than car insurance are listed below:

• More Than has many great reviews
• Third-party EU cover is included with their comprehensive cover
• Online claims are available.

The cons of getting insured by More Than car insurance are listed below: 

• Their claims line does not run 24/7
• There is limited information online about their specific car insurance policy details.

8. Admiral Annual and Monthly Insurance Cost

Admiral is a UK-based company that started selling car insurance in 1993. Admiral has since then grown into an empire that sells many different insurance products, including home and pet insurance. Admiral has an option for its customers to combine their home and car insurance called Admiral MultiCover. Admiral supports third-party-only, third-party, fire & theft and comprehensive cover. Admiral offers two main policies, including single-car and multi-car and five other additional ones. Getting Admiral’s comprehensive cover will expose you to multiple benefits and features.

• Single-Car Insurance
• MultiCar
• Black box insurance
• Van insurance
• Classic car insurance
• Learner driver insurance
• Car sharing insurance

Admiral also allows customers to upgrade their policies for an additional cost to include legal protection, breakdown cover, hire car cover and key cover. Admiral also provides low to average rates, fair customer service and online tools that help their customers manage their accounts. Admiral has an average annual cost of £420. Admiral has an average monthly cost of £35. Admiral provides low rates thanks to its discount system. Some discounts Admiral customers enjoy are listed below.

• Multi-car discount
• Upfront annual pay
• Driving history discount
• Discount based on where you live
• Discount based on age

The pros of getting insured by Admiral car insurance include the following:

• Admiral offers cheap yet competitive rates
• Admiral has won many awards.

The cons of getting insured by Admiral car insurance include the following:

• There are cancellation fees even during cool-off periods
• No courtesy car will be provided for you if yours is stolen or destroyed except you buy an add-on

9. Hastings Direct Annual and Monthly Insurance Cost

Hastings is yet another popular insurance provider in the UK. Hastings collaborates with a panel of underwriters to provide great features and competitive rates. Hastings is not the cheapest option on the list, but it offers decent customer service and great coverage options. Hastings offers three levels of insurance coverage and they also have additional offerings and brands suitable for drivers of all ages. Hastings' coverage options are listed below:

• Hastings Essential: This is the cheapest, lowest level of cover you can get with Hastings. It provides a very basic cover
• Hastings Direct: It is their most popular policy and offers robust features.
• Hastings Premier: This policy has the most coverage (including Motor Legal and Breakdown as standard for cars)
• Hastings Direct YouDrive: This is their telematics plan for young and new drivers
• Hastings Multi Car: This grants a 10% discount for every car you insure (applies to existing policies at renewal)

Hastings has been praised for its easy buying process, average prices and their easy-to-use app. Hastings’ mobile app has over two million downloads with the majority of the users awarding it 4.6 stars on the app store and 4.5 on Google Play. Hastings’ app makes it easy to manage your account. Hastings has an average annual cost of £686. Hastings has an average monthly cost of £57. The merits of getting insured by Hastings Direct car insurance are listed below.

• Outstanding customer reviews
• Competitive rates
• A wide range of features
• A large panel of underwriters
• Great online portal and app

The cons of getting insured by Hastings Direct car insurance are listed below:

• No provision of a courtesy car if your car is stolen or written off
• There is a need to make a phone call to cancel a policy or renew one
• They charge unexpected cancellation fees

10. Diamond (Admiral Group) Annual and Monthly Insurance Cost

Diamond is a part of the Admiral group, just like Elephant, Bell and Admiral. Diamond was founded in 1997 as an insurer that catered to female drivers. Many of Diamond’s products are tailored towards women; however, it can’t offer women cheaper coverage than men because companies have been prohibited from considering a driver’s gender into account when setting premiums since 2012. Diamond car insurance offers third-party-only cover, third-party fire & theft cover, and fully comprehensive cover. Diamond’s comprehensive policies are equipped with European cover as standard, and drivers of electric cars get a battery and charging equipment cover. Diamond also has optional covers like breakdown cover, hire car cover and legal expense cover. Diamond markets heavily to women but is also a good bet for young drivers. Diamond has an average annual cost of £724. Diamond has an average monthly cost of £60. Some pros of getting insured by Diamond car insurance are listed below:

• Good comprehensive policy
• 24hr roadside recovery helpline for comprehensive policyholders
• EU cover for all policy levels

The cons of getting insured by Diamond car insurance are listed below: 

• Claim line is not active 24/7
• Higher cancellation fees.

How to Find Cheapest Auto Insurance?

It is always best to choose a policy that perfectly strikes a balance between cost and coverage. To do this, get familiar with comparing prices from different companies. You can use comparison sites like Comparethemarket.com. When renewing your auto insurance, it is wrong to assume that your current insurer will offer the best renewal price so comparing quotes is very important if you want to pay the cheapest car insurance at all times. The process does not take hours and will save you a lot of money. You can compare car insurance rates by company, state, age, gender, and credit score. You can also compare car insurance rates for drivers with a DUI, an at-fault accident, or a speeding ticket, for seniors or for teenagers. The things you can do to make your insurance cheaper are listed below.

• Grow your no-claims history
• Choose your car with care
• Pay a higher excess
• Get Black Box insurance
• Monitor your mileage.

What are the Discounts for the Cheapest Car Insurance?

Discounts for car insurance are a great way to lower how much you have to pay for insurance. Insurance providers today will offer a variety of discounts to both their new and old customers. Some car insurance discounts are available for specific types of drivers, including teens, seniors and military members. Other car insurance discounts may serve as a reward for having a clean driving history, going claims free or having some security features equipped in your car. Discounts and what makes you eligible for them vary from one insurer to the next, but they almost always fall into one of the categories listed below.

• Policy discounts: These include discounts provided for people who buy multi policies from the same insurer, discounts reserved for loyal customers and discounts for those who pay in full. Many companies provide policy discounts, including AXA (Swiftcover), Direct Line Group, Aviva, Admiral, and Hastings Direct, among others.
• Driver behaviour discounts: Having a good driving record, taking defensive driving lessons and having low mileage are all factors that can qualify you for driver behaviour discounts. Driver behaviour discounts are offered by AXA (Swiftcover), Direct Line Group, Aviva, Admiral, Hastings Direct, Churchill and many others.
• Driver characteristic discounts: Teen and young adults are usually seen as high risk, prompting higher premiums from insurers; however, characteristics like being a good student can qualify you for this discount. Driver characteristic discounts are offered by companies like Hastings Direct, Direct Line Group, Churchill, More Than and Admiral.
• Affiliation discounts: These may include discounts provided because of your profession or organisation affiliations. Some employers negotiate bulk car insurance rates for their workers and top insurers like AXA (Swiftcover), Direct Line Group, Aviva, Admiral, Hastings Direct, and Churchill usually offer perks for policyholders who work in a particular field.
• Vehicle-based discounts: Vehicle-based discounts are given to people who have equipped anti-theft tools in their cars or are getting new vehicles. Vehicle-based discounts are also valid for people who use car safety features like anti-lock brakes and airbags. Vehicle-based discounts are provided by most insurance companies.

What are the Cheapest Car Insurance Companies?

The cheapest car insurance companies in the UK offer competitive policies but still manage to keep things cost-effective for their customers. Below is a table that shows the Best Car Insurance Companies as well as their average quotes and ratings:

How to Compare Cheapest Car Insurance Companies to Each Other?

To compare the cheapest car insurance companies to each other at a glance, you can use comparison sites like Comparethemarket.com to get approximate quotes. Every insurance provider offers different car coverage, different deductibles and varying options. To compare rates, get quotes from at least three insurance providers to get a feel of the current going rate. If you have some stains on your driving history, this may help you find cheaper rates with an insurer that specialises in high-risk drivers. You will need to compare the coverage limits or ranges. Coverage limits determine the amount paid out per accident per person. It also helps to make a list of attributes you wish to see in your prospective insurance provider. The list may include friendliness or even response time. Get the quotes, compare them, reach out to the insurance companies and pick the cheapest one that checks off all items on your list.

What is the Price Range for Lowest Car Insurance Quotes?

The price range for the lowest car insurance quotes is between £281 and £333 per annum. It is also possible to get temporary car insurance, which can cost from around £13 per day if you do not need cover for a whole year. 

What are the Best Affordable Car Insurances for New Drivers?

The cheapest car insurances for new drivers are fully comprehensive, third-party, fire & theft and third-party only. The details and cost of the cheapest car insurance are listed below:

1. Full comprehensive: This protects you, your car and any third party from any damage caused by you. It will cover medical expenses, car repairs, fire damage and car theft. Full comprehensive is the cheapest car insurance for new drivers, with a monthly cost of £194 for new drivers.
2. Third-party, fire & theft: It will take care of repair costs for other people and their property. It will also cover your car if it is stolen or damaged by fire. Third-party, fire & theft costs about £206 per month for new drivers.
3. Third-party insurance: It only covers damage you do to other cars and property. Third-party insurance is the minimal level of insurance and costs about £280 per month for new drivers.

What are the Cheapest Car Insurances for 16-Years Old Drivers?

The cheapest car insurance for 16-year-old drivers is fully comprehensive coverage for black box policies and short-term policies for learners. The average car insurance premium for a 16-year-old is over £1,000. Comprehensive covers are usually the cheapest of the three levels of insurance for new drivers. Black box policies can help teen drivers save money when they start using a car.

What are the Cheapest Car Insurances for 18-Years Old Drivers?

The cheapest car insurance for 18-year-old drivers is usually third-party-only coverage and sometimes full comprehensive coverage. The average car insurance for 18-year-old drivers is £1,130.

What are the Cheapest Car Insurances for 21-Years Old Drivers?

The cheapest car insurance for 21-years old drivers is a Black box policy with comprehensive coverage. Compared to 18-year-olds, 21-year-olds are more trustworthy and are less risky drivers. On average, car insurance for 21-year-old drivers costs about £900.

What are the Cheapest Car Insurances for 25-Years Old Drivers?

The cheapest car insurance for 25-year-old drivers is comprehensive coverage. Drivers at this age will be required to pay about £720 for comprehensive cover.

What are the Lowest Auto Insurance Coverage Prices for High-risk Drivers?

The lowest auto insurance coverage price for high-risk drivers is usually above £1,000.

What is the Best Affordable Car Insurance after a DUI?

The best affordable car insurance after a DUI is a convicted driver insurance policy. It is specifically designed for drivers with convictions. After a DUI conviction, drivers get their insurance premiums hiked up as they become classified as high-risk.

What are the Lowest Auto Insurance Coverage Prices for Drivers with Accidents?

The lowest car insurance coverage price for drivers after an at-fault accident is over £500 on average.

What are the Most Affordable and Budget-friendly Car Insurance Rates for Senior Drivers?

Insurance rates reduce as you get older. It reduces greatly in your 50s and starts to climb when you’re past your 60s and over your 70s. This is because you are more likely to get involved in accidents the older you get. In the first few months of 2022, senior drivers paid between £254 and £283 a year for cover. Some of the most affordable insurance rates can be enjoyed with pay-as-you-go car insurance, specialist car insurance and black box insurance.

What are the Cheapest Car Insurance Companies for Bad Credit Scores?

Some of the cheapest car insurance companies for bad credit scores include AXA (Swiftcover), Direct Line Group (Privilege), and LV=.

What are the Disadvantages of the Cheapest Car Insurance?

The disadvantages of going for the cheapest car insurance are listed below.

• Cheap car insurance policies barely protect anything, and the limits get easily exceeded compared to more costly car insurance policies.
• Due to cheap car insurance, drivers may not be able to fix their cars after an accident. Expensive coverage protects the policyholder’s car and property, but liability coverage does not.
• Drivers with cheap insurance may have to live without a car after filing a claim. Those with expensive ones may get a temporary vehicle while theirs is undergoing repairs or getting delivered.
• Some cheaper insurance policies do not offer an Insurance Payout for Stolen Cars

What are the Advantages of Cheapest Car Insurances?

The biggest advantage of getting cheaper car insurance is that it saves money. Cheap insurance can save you a lot of money, especially if you’re a driver with a clean driving record, because you get to pay lower premiums. Expensive insurance may cover things you don’t need, but cheap ones are usually stripped down to accommodate only the essentials.

Which Car Models are for the Cheapest Car Insurance?

The model of a car affects how much insurance you pay for it. All cars are classified into an insurance group between one and 50. Those in category one are the cheapest, and those in the 50 are the most expensive. Some things that can affect a car’s group include how powerful it is, how much it costs, how expensive the parts will be, and what safety equipment it is equipped with. The top car models that get the cheapest insurance include:

• Volkswagen Polo
• Hyundai i10
• Volkswagen Up
• Kia Picanto
• Dacia Sandero
• Ford Fiesta
• Seat Ibiza
• Renault Clio
• Skoda Fabia
• Kia Rio.

What is the Average Cheapest Motor Insurance?

The cheapest motorcycle insurance in the UK averages about £44 monthly. The cheapest motor insurance providers include AXA (Swiftcover), Direct Line Group, and LV=.

What are the Cheapest Full Coverage Car Insurances?

According to findings, Axa, Direct Line and LV= are the cheapest car insurance providers in the UK. However, prices will vary depending on several factors, like where you live and what car you drive. The table below shows the top three car insurance companies that offer cheap full coverage:

Are the Cheapest Car Insurance Rates Worth Their Coverage?

Yes. Cheap car insurance policies will usually have been stripped down to cover only the basics meaning no spending will be on extra options you don’t need.

Are Cheap Car Insurances worth it?

Yes, cheap car insurances are worth it because they are usually the lowest form of protection you can muster to use a public road lawfully. They can also provide financial relief as long as the collision is minor.