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Could you save with ‘basic’ car insurance?

How 'basic' car insurance could be just the right fit for you.

If I had a pound for every time someone said to me, “car insurance, it’s all the same”, I would be a very rich man! Many of the people I speak to appear to be under the impression that no matter where you get your car insurance policy from, the cover is more or less the same. Unfortunately, this could not be further from the truth.

Since comparison sites have made shopping around for car insurance easier, insurance companies have been trying out different ways of making sure that they’re at the top of the results table in terms of price. Their main strategy has been to launch a basic car insurance product that offers fully comprehensive insurance, but with all the extras taken out.

For many people, having a basic level of comprehensive cover is fine, but it may not be right for others. You should consider if the initial saving is worth the loss of cover, as it may come back to haunt you when you need to make a claim. You could find out, for example, that your policy does not provide a courtesy car when you need one.

When you see a basic product on offer, make sure you check the features to see if the cover included is suitable for your needs. If you’re not sure what the differences are between this type of policy and more expensive version, compare them side by side.  Then you can make an educated choice about which policy is right for you.