Does anyone know of a cheaper car insurer I can transfer my current insurance to?

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My current insurer is £250 monthly which was due yesterday but i did cancelled the direct debit, i already received a letter stating i've got seven days to give new bank details or insurance will be cancelled, i would like to promptly get a new insurer which is cheaper to transfer to without deposit, i also got a 2years no claims bonus..PLEASE help with details of a new insurer which i can choose today.

2 Replies

Peaches Level 3

£250 expensive? Try paying double that for a small Nissan Micra with 3 years no claims. Is it comprehensive or just third party? What car are you trying to insure?

Go to the comparison websites and try and get the quote lower, you can also increase your excess to bring the annual premium down.

gices Level 6

£250 a month seems quite expensive! What car are you trying to insure?

Have you tried car insurance comparison websites like GoCompare or Confused? You should try getting a quote from them first as they will check most of the car insurance companies on the market for you. They will give you a pretty accurate figure as to what you should really be paying.

Note that paying monthly compared to annually attracts a much bigger interest rate. So it would be more economical if you pay your premiums in full with a credit card and then settle the amount within a couple of months.