UK Car Insurance Articles
search advanced search

Home >> Car Insurance Articles


Do You Live in a Car Insurance Blackspot?

Article by Simon Christopher
Article added: 4/4/2008 - Last updated: -
Rating: 3.80 3.80 (5 votes)


Take two drivers, Scott and Dave, both 24 years old with identical driving records. They work in the same occupation, both drive about 10,000 miles a year and have passed advanced driving courses. Neither is married, they live alone and drive the exact same make, model and year of car. They even insure their car's through the same broker with the same options. Whilst both drivers appear to be an insurers dream, Scott pays £315 annually to insure his vehicle, while Dave only parts with £233 for his.

What is Dave doing to save £87 a year on his motor insurance? He’s found himself a flat in Leeds, that’s all. Scott, on the other hand, lives in East London where car insurance rates average the highest in the UK. Scott’s unwittingly living in one of the UK’s major car insurance blackspots.

How does location affect your premiums?

All insurance is based upon risk and insurers take many things into account when setting your premiums. Two of these factors are the relative risk of parking your car at your residence and the number of claims made by policyholders who live in your area. These and other factors combine to determine the risk of loss or damage to a car and therefore impact on the level of premium you’ll pay. Research carried out by Moneysupermarket in 2007 backs this up revealing that premiums are highest in East London and lowest in Dundee.

Whilst more rural areas typically carry lower premium rates for motor insurance than towns and cities, it’s not a hard and fast rule. Even if you live in a country town with low levels of car crime, for instance, your premiums won’t necessarily reflect that if the rate and value of accident settlements insurers have to pay increases.

So where are you likely to pay the most to insure your car in the UK? Here’s a list based on research from Moneysupermarket in 2007 comparing quotes to insure a 2001 Ford Focus (parked on a drive) for a 25-45 year old with 5+ years NCD, no convictions and a £100-£250 voluntary excess.

London East £315.01
Bolton £311.47
Liverpool £300.28
London SE £289.73
Manchester £273.74
Oldham £260.65
Wigan £255.80
Bradford £243.69
Birmingham £237.07
Leeds £233.34

If you live in an area where risks are statistically lower, then you’ll pay lower premiums. How much lower? Here’s a list of the cheapest towns and cities for car insurance in the UK based on the same quote profile above.

Dundee £116.26
Aberdeen £126.85
Exeter £130.39
Ipswich £136.84
Inverness £136.90
Lancaster £138.64
Lincoln £138.78
Truro £144.29
Taunton £149.95
Bristol £151.10

As long as insurers continue to load premiums on “high-risk” urban areas, car insurance costs in areas like East London and Manchester will keep rising, while areas such as Dundee and Aberdeen will stay at the bottom of premium league tables.

Take control of your premiums

No matter where you live, shopping around is still the best way to take back some control over your car insurance premiums. As many insurers weight certain risk factors differently, which can also change from year to year, some strategic shopping really can get you a better deal at renewal time.

A good way to compare your current policy with as much of the market as possible is to use at least two price comparison sites that also allow you to compare policy features. However, make sure you are comparing like with like and bear in mind that some sites make assumptions which could affect the accuracy of the quotes returned. Tesco Compare and Gocompare guarantee the accuracy of their quotes and also offer varying degrees of policy comparison as part of their quotation process, although you should confirm the full cover details before completing any purchase. A relatively new entrant to the financial comparison market is Insurance.co.uk which claims to compare price, policy benefits and service in as little as four screens.

An alternative is to take your shortlist of insurers from the comparison sites and head over to find.co.uk where you can compare detailed policy information provided by Defaqto, the independent research company.



PLEASE NOTE: The guidance published in this article is for information only and does not constitute financial advice or a recommendation of any particular car insurance product or company. If you are in any doubt please consult an independent insurance adviser. A database of advisers in your area is available at www.unbiased.co.uk

Copyright UK Insurance Index http://www.uk-insurance-index.co.uk. All rights reserved.


comments about this car insurance article

Comments About this Article:

 Add a Comment


share this car insurance article

Share this Article:



rate this car insurance article

Rate this Article:


Please rate this article between 0 and 5
with 5 being top.
All ratings received for this article.

all categories ALL CATEGORIES
A-Z Categories

popular categories POPULAR CATEGORIES
Car Insurance
Home Insurance
Life Cover
Mobile Phone Cover
Pet Insurance
Travel Insurance

directory categories DIRECTORY CATEGORIES
Business
Event
Health
Home & Property
Insurance Brokers
Life & Protection
Marine
Motor
Non UK Insurers
Pet & Animal
Personal Possessions
Specialist Cover
Sport
Travel

review categories REVIEW CATEGORIES
Business
Car & Motor
Health
Home
Insurance Companies
Life Cover
Motorcycle
Pet & Animal
Possessions
Sport
Travel

article categories ARTICLE CATEGORIES
Business
Car & Motor
General
Health
Home & Property
Insurance Awards
Insurance Guides
Life Cover
Pet & Animal
Travel

news categories NEWS CATEGORIES
Business News
Car and Motor News
General News
Health News
Home & Property News
Life Cover News
Pet and Animal News
Travel News

FEATURED SITES

Direct Line Car Insurance
Direct Line
Direct Line offers a range of big policy benefits like vandalism cover and named driver no-claims bonuses which are only available direct.

latest listings LATEST LISTINGS
Octagon Insurance
Quote Me Happy Car Insurance
Protect Your Bubble Car Insurance - 40 cash back*
RSA echoice car insurance
Your Cover Car Insurance from Allianz

latest reviews LATEST REVIEWS
Heritage Classic Car Insurance
Age UK Car Insurance
Carole Nash Bike Insurance
1st Central Car Insurance
One Quote Direct Car Insurance

latest articles LATEST ARTICLES
Getting the best value GAP insurance
5 mistakes that could instantly void your car insurance policy
Is your job title increasing your car insurance premiums?
A closer look at the new compulsory motor insurance rules
A closer look at the new motor insurance gender equality rules



Home | Privacy & Cookies | Terms of Use | Contact | Submit Site | Advertisers

Page protected, do not copy

This website uses cookies to ensure a reliable browsing experience. If you continue to use this website you are consenting to us using cookies in this way. To find out what cookies are, which ones we use and why we use them please click here.

Copyright © 2017 UK Insurance Index. All rights reserved.
All directory listings, articles and reviews are provided as information only and do not constitute advice or a recommendation of any product or provider. If you use these insurers, we take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy of these third-party web sites or companies. If you have any doubts you should consult an authorised independent financial adviser for advice based upon your individual needs and circumstances. A database of advisers in your area is available at www.unbiased.co.uk.