Best Rated Auto Insurance Companies - Wondering which car insurance companies dominate the UK market? We have the answers. Over a hundred companies sell car insurance in the UK, with the top 10 car insurance companies accounting for around 85% of the UK car insurance market. If you're considering buying from one of the top ten companies, see which ones are discounted on our list and read the features of each.
Many of the cheapest car insurance companies in the UK market are branded, with mascots and jingles you'll recognize from their TV adverts. However, each company offers different incentives, features and experiences to customers. Here's what you need to know about these companies before you decide which one is right for you.
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If you want to get car insurance from the UK's biggest car insurance company and accept low customer review scores, consider this.
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The Admiral Group is the UK's largest motor insurer with 14% of the motor insurance market and offers policies through brands such as Admiral, Bell, Diamond, elephant.co.uk and Gladiator. Technically, Admiral is a trading name of EUI Limited.
In 2021, Admiral continued to grow their motor business to a level that saw a 5% increase in total premiums written in 2020, helping them to become the UK's most popular motor insurer. Admiral was second only to the NFU with a 6% increase in total written fee income last year. By the end of 2021, Admiral had insured 4.97 million vehicles.
Also in 2021, Admiral launched a number of new car-related products: rental and cargo insurance for customers working as delivery drivers or couriers and low-cost Admiral Essential. level (ie fewer features) policies sold through comparison channels. In addition, Admiral has launched the Admiral Virtual Assistant (AVA) for car insurance to help customers resolve queries or make changes.
Quick action: Admiral can be a great car insurance company for those who want to arrange their insurance policy online quickly and usually at a good price. Their brand name can be found on most price comparison sites, such as our partner QuoteZone, and one of their brands may be the cheapest quote.
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The Direct Line Group sells motor insurance directly to consumers, but is also strong in the PCW sector with its motor insurance brands including Churchill, Darwin and Privilege. In fact, about two-thirds of their sales were direct to consumers through their Direct Line brand, while about a third of their premiums were sold through the PCW channel. The group increased its presence on price comparison sites with the launch of the Darwin brand in 2019. In 2021, they sold 135,000 Darwin policies and the brand is in the top 10 on Trustpilot.
Recently, Direct Line has focused on digitizing the claims process to make it faster and easier for customers. They've also invested £2m in a new car tech center to boost their efficient repair capabilities (they own the UK's largest chain of insurance garages). They also offered a new brand of Direct Line electric vehicles for 2021.
Total written premiums fell by 1.7% in 2021 and the number of auto insurance policies in force fell by 2.2% to 4.0 million.
Direct Line is also working with Volkswagen to offer customers who buy new or used cars from Volkswagen, SEAT, Audi and ŠKODA dealers through the UK Insurance Group (part of Direct Line) an annual insurance policy and a free '5-day drive ». Club).
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Although Direct Line deals in home insurance, motor insurance is their main business, accounting for almost 50% of their total premiums.
Quick Takeaway: Direct Line is better known as an insurance company and isn't listed on comparison sites, but if you want to save more on your premiums, the Churchill, Darwin or Privilege brands may offer even lower prices in price comparisons. websites.
If you want a company with good motivation and a reputation for customer service, consider this one.
Aviva's general and direct motor insurance businesses have not scaled, but are targeting a range of policies and looking to grow through the price comparison website (PCW) market. Depending on where you live, you may see the Quotemehappy.com brand at the lowest price offered on PCW. They also sell through their own General Accident brand, making Aviva the third largest insurer in the UK motor insurance market. (In 2020, the Aviva brand was also launched on UK price comparison sites.)
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Aviva was named General Insurer of the Year at the British Insurance Awards 2020 (although Covea won the award in 2021).
In 2021, Aviva has expanded its personal car insurance offering for electric vehicles, including road damage, electric shock and electric vehicle accessories. And they're not just big on car insurance — Aviva is a full-service financial services provider. As well as general insurance, Aviva is a leading provider of savings and pensions products.
Get it fast: Depending on where you live, Quotemehappy can be one of the cheapest deals you'll find. However, if you've had an accident in the last 5 years, you can get cheaper rates from Aviva than anywhere else.
Hastings Direct is a very popular car insurance company with over 3.1 million vehicle insurance policies. They sell directly and through price comparison websites (PCWs). Statistics are not available for this year, but 73% of Hastings premiums written to new car insurance customers in 2018 were sold through the PCW marketplace. PCW is also the only way to buy their Hastings Essential car insurance product at the lowest price. They also offer two top tiers of cover (Direct and Premium) which you can buy through comparison sites or directly from their website. In addition, they have YouDrive (black box program) and Multi Car cover (discounts for households with 2 to 4 cars) and a few extra brands (inurePink and People's Choice).
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Hastings Direct continues to invest in digital capabilities, which means it's easier for customers to shop online and manage their accounts through the customer portal and app (rated 4.6 stars on Apple's App Store).
We also love that Hastings Direct prides itself on its plain and simple insurance. This is reflected in their policy document, which is more understandable than some of the competition.
Please note that Hastings Essential car insurance is the cheapest of the plans but has fewer features, for example windscreen cover is not included and cannot be added, but legal and breakdown can be added for an additional fee (around £20 and £35 £ respectively). Those with a slightly bigger budget and want more features should consider Direct and Premier policies, which are less expensive but offer better cover.
On 8 December 2021, Hastings completed its sale to Sampo, which owns motor insurance companies in other European countries (eg Finland, Sweden, Norway, Denmark and the Baltic States). Note that there is a shift among consumers towards lower-risk customers, so high-risk motorists may find Hastings less attractive to do business than in previous years.
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Quick deal: If you're looking for good quality car insurance at an affordable price, Hastings Direct is definitely a good company. Not only that, but they also have high customer satisfaction scores on Trustpilot and Fairer Finance.
AXA is the 5th largest motor insurer in the UK according to our estimates. AXA, a major international company that wrote premiums of €96.8 billion last year, sells insurance policies under its own brand name as well as a number of other brands including mypolicy.co.uk and By Miles (pay-as-you -go). - mileage coverage). So if you buy car insurance from a brand that doesn't write its own policy, you will eventually find that your insurance is covered by AXA.
Fast coverage: The company offers customers the standard coverage and discounts expected from a major international insurance company.
If you don't need the cheapest deal, but want a company with good customer reviews and good features, consider this one.
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Liverpool Victoria is another popular motor insurance company trading under the name LV=. LV= policies are available directly through comparison sites or brokers. The recent growth of the LV= brand has been attributed to a high renewal rate among existing customers and new sales since the launch of the multi-car offering. Customer satisfaction is the company's top priority, which explains its high customer rating on Trustpilot. LV insures Volvo, Dacia, Hyundai, Jaguar, Kia, Land Rover, Masda, MG, Mitsubishi, Renault and Suzuki cars through Clear Car Insurance (LV= Broker) under Highway Insurance Company (part of Liverpool). Victoria Group).
Note: At the end of 2019, Allianz completed the acquisition of LV General Insurance Group (LV GIG). LV= Motor insurance policies are still managed by Liverpool Victoria Insurance Company Ltd but are ultimately owned by Allianz.
Quick take: LV= middle of the road in terms of price, but we consider LV as one.
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