UK motor insurance news

Price comparison site recommends online car insurance firms for cheap deals

An online car insurance supplier has advised motorists to be careful when switching their motor insurance company because of price hikes.

Richard Mason, director of insurance at moneysupermarket.com, is telling drivers to check the underwriter of any motor insurance policies that they are considering changing to.

This advice comes following the news that the Royal Bank of Scotland (RBS) is putting up its car insurance premiums by more than 10%. It is estimated that around four in ten motorists could be affected and be looking to change provider in order to get cheap car insurance.

Mr Mason points out that many companies actually sell own branded policies that have been underwritten by the Royal Bank of Scotland.

He said: "Millions of motor insurance customers won't immediately cotton on to the direct impact of this news, unless they are familiar with their policy small print.

"Direct Line, Privilege, Churchill, Lloyds TSB, Prudential, Tesco, Egg, Virgin Money and Nationwide are just some of the big brands backed by RBS, and motorists must not make the mistake of jumping from one RBS-backed brand to another in an attempt to avoid premium increases."

He went on to advise motorists looking for cheap motor insurance quotes to check with small online car insurance companies such as esure.com and swiftcover.com which can afford to offer better prices due to low running costs.

 

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