With the cost of owning and insuring a car rising, more and more UK motorists are looking for ways to save money on their car insurance. Some motor insurers have responded to this by offering no-frills policies that still provide comprehensive cover to insure the basics but exclude many of the extra’s that traditional car insurance provides as standard.
The most recent insurers to enter this growing niche of the car insurance market are Tesco with their Value Insurance policy and Norwich Union who have branded their policy Simple Cover.
You might be wondering, though, if these no-frills car insurance plans are simply a marketing gimmick to win new customers or whether they really can save you money without affecting your cover significantly. If you are a careful driver, aren’t too bothered about some of the policy extras included on some standard car insurance and you can afford to pay a higher excess should the worst happen, then a simple car insurance policy might save you money.
On the surface, it appears to boil down to be willing to accept more liability in case of an accident. If you can increase your voluntary excess, for example,...
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