Compare car insurance
Car insurance is one of those things that can be an annoying expense when it needs renewing. It can become an out-of-sight and out-of-mind financial product when it's paid for and the car insurance certificate is tucked away in a drawer. However, when you need to use your car insurance it becomes essential to help get you back on the road. All of a sudden it's a very important product indeed.
Does cheap car insurance mean less cover?
The best car insurance policy for you is one that is just right for your circumstances; it's certainly not necessarily the most expensive, but may not be the cheapest either. Either way, when you compare motor insurance policies it's important to ensure you're comparing like-for-like. Some policies may have a higher voluntary excess, which is the amount of any claim you agree to pay. For instance, if this excess is £1000 it will certainly make your car insurance policy cheaper, but it means you will have to pay the first £1000 of any claim.
How long will it take for me to compare insurance prices?
LowerMyBills asks you questions about your car, about you, about where you live, and about the type of driving you do. LowerMyBills then shares this information with a panel of leading UK car insurance companies before presenting you with any potential savings you could make by finding cheaper car insurance.
There's no obligation and no cost to you until you move forward and accept a low cost car insurance quote that's right for you, at which time you arrange to pay directly with your new insurer. There's no charge to you from LowerMyBills at all, you just benefit from lower bills all round!
Does my credit report affect a car insurance comparison?
You can compare auto insurance quotes without worrying about your credit report either being affected or being referred to. However, your credit report may be referred to should you select a monthly payment option. If you do opt to pay monthly, ensure you make the payments on time, as missed payments could show up on your credit report and affect your how lenders credit score any applications you may make.
Bills that remain unpaid can result in default notices that appear on your credit report. Lenders want to ensure the products that have the lowest interest rates, or the best car insurance quote that you can pay monthly, are made available only to creditworthy customers. If you use LowerMyBills to help you find a cheap car insurance quote, your own money could go further and make it easier to ensure you don’t miss payments and fall into default.
Taking up a monthly payment option is also often dependent on you being able to pay an initial payment via credit card. However, if you don't have one you can usually arrange for a family member or friend to make this initial payment for you.
You could be just a few steps away from lower car insurance bills each and every month!
Experian® - the company behind LowerMyBills – also provides CreditExpert, which gives you access to your credit report and score enabling you to see what lenders see about you when they make a decision about which financial products or services are available to you.
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