Cash in on car insurance extras

Car insurance if often viewed as a necessary evil – legally, we have to pay for it, but most of us begrudge the often excessive premiums charged by providers.

Now however, the market is changing to the advantage of consumers.

Thanks to the explosion in popularity of car insurance comparison tools, the UK car insurance market is arguably more competitive than ever and the insurers are battling for our business by offering consumers a range of incentives to entice us to sign up.

For example, a leading supermarket chain is offering new customers £100 off Navman satellite navigation if they sign up for its car insurance by 6th February 2008, while one of the largest insurers in the UK carries a £75 cashback deal.

There are also a host of discounts that can help you secure cheap car insurance. One leading insurer is allowing named drivers to earn their own no-claims discount while further discounts are available if you insure a second car. Another insurer will give you 11 months car insurance for the price of 12 as part of a ‘one month free’ deal.

Among the most popular incentives are premium cuts for buying policies on the internet – 10-15% online discounts are commonplace among UK car insurers.

So with so many great offers out there, how do you know which is the right one for you?

The key is to shop around using a car insurance comparison tool. Providers are competitive because they want to appear near the top of these tables, which allow you to compare dozens of quotes in minutes.

So don’t sit back and simply renew with your existing insurer – shop around for cheap car insurance first. Take advantage of the offers available to new customers and you are almost certain to slash your car insurance premiums.