The minefield that is car insurance

Car insurance is something that we all need if you are driving a car on the roads or even just having it parked up outside your house. Prices for insurance can vary drastically depending on the car you want to insure, the area you live in, the experience you have and points on your license (just to name a few). It can be an expensive annual or monthly fee for a car or van owner and with many of us relying on our cars to get to and from work, owning a car is a must.

When looking to take out a new car insurance policy, it is recommended that you shop around for the best price as different insurance companies can offer vastly different quotes for the exact same policy.

Once you have found the best quote, be sure to check the small print for other fees you may incur during the policy. The excess is something that can vary quite a bit from policy to policy. Most insurance policies have a compulsory excess and then a voluntary. You may find that by increasing the voluntary excess, the annual price for the insurance drops down. Some insurance companies will charge an admin fee for changes, such as changes of address, vehicle or convictions etc. They will also charge a fee to cancel a policy and this can be anything from £20 upwards of £75.