Take a trip out of the UK, and you will find that car insurance can be significantly cheaper, with some companies offering cheaper deals for customers who live in the country. But is it worth travelling across the border to save a few pounds? And which UK-based insurers are worth considering? So, here are the 10 Car Insurance Companies to Consider in the UK.
RSA
The Royal Sun Alliance (RSA) offers insurance to the UK public, one of the biggest brands in the country. As such, their policies are highly valuable to the public. In 2016, the company sold £498.7 million worth of car policies and £1.5 billion worth of home insurance policies. The company is profitable and has developed a number of brands, including More Than, a brand that caters to a younger demographic. The company is building on its success and has announced that it plans to take on others.
NFU Mutual
A quick search of UK-based car insurance companies reveals a list dominated by larger, well-known insurers like Direct Line and the AA, but that’s not the case in all parts of the country. NFU Mutual is an auto insurance company that prides itself on being different in that its policyholders and not shareholders own it. They have over 300 offices in the UK, and their network of over 650 agents means that you can pick up the phone and get a quote with them, not go through the hassle of filling in form after form on their website.
Esure Group
As the UK’s fifth-largest operator of car insurance, Esure has been at the forefront of the industry for many years. Esure’s reputation for providing innovative, customer-focused, affordable cover has made us one of the most respected UK car insurance market names.
Ageas
Ageas is the UK’s leading insurance comparison site, providing 2 million people with impartial, unbiased, accurate, and easy-to-use car insurance quotes. We’ll write about Ageas in detail, outlining what it does, how it came to be, as well as all of its current features that make it so popular.
Hastings
The Hastings Group was once a leading provider of car insurance in the UK. In 2011, it was taken over by the RSA Group, which has been struggling to meet the market’s changing needs ever since. We’ll take a look at their latest car insurance claim rate and what their future holds to find out if there’s room for more entrants in the market or if Hastings is doomed to stay in the backroom of the insurance industry.
LV
Like most other insurance companies, LV works on a ‘no-fault’ basis, which means that no matter what the cause of an accident, they will pay compensation regardless of fault or no-fault. On top of this, they also offer a policy called the ‘5-minute rule,” which means that when you make a claim, your claim will be processed without the need to contact the other driver.
Aviva
Aviva has recently started offering a car insurance policy that allows you to turn your iPhone into a car key. The company is already the second most popular provider of vehicle insurance in the UK, with over 5 million customers. It uses an encrypted system to allow customers to unlock their cars from their mobile phones remotely and is hoping to diversify from the financial services market by offering a wider range of products to its customers.
Direct Line Group
Direct Line Group is a company that provides car insurance for UK drivers. It also owns a number of other insurance brands, such as Aviva, Churchill, RSA, and Direct Line. The range of services offered by Direct Line Group has recently expanded to include travel insurance and personal accident insurance.
AXA
AXA is the largest UK insurance company and one of the largest in Europe, with the capacity to issue over £20bn in loans per year. By the time you’ve finished reading this article, you may be wondering why you haven’t already signed up with AXA.
Admiral Group
Admiral Group has been providing a number of insurance services since the year 2000. The company provides Property Improvement Insurance and Motor Trade Insurance and the services of the company’s wholly-owned subsidiary, NFU Mutual.