The UK car insurance market , quotes and buying car insurance online explained - helping you find cheaper car insurance - Information

The UK car insurance market , quotes and buying car insurance online explained - helping you find cheaper car insurance

Car Insurance Brokers

A car insurance broker is an intermediary who specialises exclusively in selling car insurance. All brokers, agents, online intermediaries or the traditional high street shop must be authorised and regulated by the Financial Services Authority.

Brokers typically have access to a range of insurance policies from a variety of insurance companies who underwrite the policies, and unlike the recent Internet only offerings have been comparing car insurance quotes for years.


This allows brokers to collect details of cover once and provide a quote from the company offering the best or cheapest car insurance cover for an insured's individual circumstances.

The number of agencies a broker will hold with insurance companies varies by broker, however some of the larger brokers may be able to provide comparative quotes from thirty or more insurers with much more preferable rates.

Apart from providing car insurance quotes, a broker will collect premiums, provide telephone support and advice, issue cover notes and other policy documents, deal with claims and policy renewals.

If you require specialist or tailored insurance cover because your circumstances or car doesn't 'fit' the standard model used by many online providers, a broker will have access to markets and underwriters which will cover all drivers circumstances.

In summary, Car Insurance Brokers provide a personal service that you will not usually get from other outlets. Going to a broker should also save you time and money as they will do the legwork of finding cheap car insurance for you.

Lastest Great Deals

This month sees a further innovation in car insurance from specialist online schemes provider who have a simple to use form which allows you compare specialist schemes which aren't available to the big aggregators.

In association with specialist car insurer Lancaster, they offer all sorts of specialist cover comparisons for standard cover through to classic car insurance cover and prestige and sports car insurance.


Direct Insurance Companies

Many insurance companies sell car insurance direct to the public by using call centres. Until the advent of call centres in the early nineties, a high street broker was the only way a driver could obtain car insurance. Going direct to an insurance company may provide cheaper car insurance for the 'target market' of a particular company, however one size doesn't fit all and you may need to labouriously compare many different direct car insurers before you find suitable cover for your needs. This applies equally whether you phone a call centre or fill in an online quote application form. Many Car Insurance companies will offer additional discounts for purchasing your cover online as the costs of managing the policy are reduced.

Car Insurance cover explained 

Affinity Sellers and Supermarkets

Many large high street outlets will now offer you car insurance. In particular the large supermarkets are now offering cheap car insurance cover. The insurance offered by these outlets is usually provided by one insurance company with whom the supermarket has a deal.

They may be able to offer cheaper car insurance than the direct provider themselves as they are able to guarantee large volumes of business to the insurer.

However the standardisation of the product for the supermarket etc. often means that the majority of drivers wil be excluded. 

Premiums,Pricing and Rates - An explanation of how car insurance premiums are calculated

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