Cheap car insurance options vary by coverage type, location, driver profile, and insurer. Generally, third party, fire and theft insurance tends to be the cheapest, with prices around £410 in the UK. Comprehensive insurance costs slightly more but can sometimes be cheaper depending on the driver and policy specifics. In the US, companies like State Farm, Allstate, and USAA offer some of the lowest average rates, with USAA being the cheapest at around $97/month for full coverage if eligible. Using comparison tools and considering factors like low mileage, eco-friendly cars, and bundling policies can further reduce costs.
Types of Cheap Car Insurance
- Third party, fire and theft insurance: Cheapest type in the UK from about £410/year.
- Comprehensive insurance: Slightly more expensive but offers wider coverage.
- Third party only: Minimum legal coverage, but can be more expensive than comprehensive in some cases.
Top Cheap Car Insurance Providers
- UK: Providers offering low-cost insurance include many of the 175 companies found on comparison sites.
- US: State Farm ($110/month avg), Allstate ($134/month avg), USAA ($97/month avg for eligible military families).
Ways to Lower Car Insurance Costs
- Use online comparison tools to find the best rates.
- Choose policies tailored for low mileage or safe driving.
- Consider discounts for eco-friendly cars like hybrids and electrics.
- Bundle car insurance with home or other insurance products.
- Maintain a clean driving record and provide accurate details.
For the most affordable car insurance, comparing quotes online based on location, car, driver profile, and desired coverage is essential.
