Although there is practically no difference in the form of Car Insurance in Northern Ireland compared to that of Scotland, Wales and England, there are however remarkable differences in the cost. According to a recent research by the Office of Fair Trading, it was discovered that car insurance quotes in Northern Ireland on the average are about 11% higher in price than those from other countries in the United Kingdom. However since this statistics were released, the price of car insurance in Northern Ireland has gone up about an estimated 73% thereby prompting an investigation by the consumer council. There is no doubt that as a Northern Irish driver, you have to pay more than your counterparts from England, nonetheless this article will show you how to get the best insurance quotes.
Why is car insurance more expensive in Northern Ireland?
There are several reasons responsible for higher prices of car insurance in Northern Ireland compared to other countries in the United Kingdom. One of them is:
One of the factors responsible for the exorbitant cost of car insurance in Northern Ireland is that there are few insured drivers. Majority of the drivers in Northern Ireland are uninsured. The implication of this is that when an uninsured driver is involved in an auto accident, the claims to be paid emanates from a central purse into which all insurers pay. The implication of having fewer insured drivers is that only a few drivers contribute to the central purse. The consequence of this is that all insurers in order to meet their financial obligation raise their insurance premiums. This ensures that the vicious cycle of high premiums continues.
Another reason responsible for the high car insurance prices in Northern Ireland is the legal differences that exist between Northern Ireland and other countries in the United Kingdom. The implication of this situation is that insurance claim payouts is always higher in Northern Ireland than other countries in the United Kingdom. As a result of the higher payouts, the insurers charge higher premiums.
HOW TO GET CHEAP CAR INSURANCE IN NORTHERN IRELAND:
There is no doubt that car insurance is higher in Northern Ireland, nonetheless, there are several steps that could be taken to ensure that you purchase affordable car insurance. One of the steps to be taken is to ensure that you choose a car with a small engine. This will ensure that you pay less. Choose either a hybrid car or an electric car. Another way to save is to ensure that you develop a no claims discount. This can only be achieved by driving sensibly and responsibly. When there is no accident, there would be no insurance claims and as the years go by without claims the cost of insurance starts to go down steadily. Once you have a no claims history, your auto insurance quote premiums would become relatively cheap. One more way to get the best insurance quote is by comparing NI insurance prices online with a quote comparison site that is specific to Northern Ireland. This is one popular way to get the most affordable car insurance quote.