That depends who you are asking

It's that time of year once again. Time for the car insurance renewal.








Unfortunately, as a sub-23-year old single male, I'm public enemy number one in the eyes of the motor insurance industry as so finding an insurer that will actually honour their advertising claims of "cheap" car insurance is a nigh-on futile task, even with four years without claiming.

But nevertheless, the law requires me to pay for a piece of paper which only has any value in a moment of crass stupidity on my part.

As you can imagine, I'm subject to all the "young driver excesses" that any insurance company feels free to make up on the spot which makes claiming anything a completely pointless exercise. If I do claim, I have to pay the bulk of the costs out of my own pocket anyway and I'll be forced to pay for the rest next year by way of an increased premium. It's a sort of legalised blackmail that works very well in the insurance industry.

But anyway, the renewal note came through with a revised premium of around £381, which wasn't all that bad and around £80 less than last year.

Now in the past as this point, you would go to your local broker and accept any randomly generated number as "his best possible price that he could do if you bought today" or spend a whole afternoon phoning every listing in the Yellow Pages for numbers even more random that you'd be better off asking your newsagent for a 'Luck Dip'.

But the Internet is now here and thanks to other random number generators like Confused and Money Supermarket, I can do it all in one go and, if I'm lucky, pay a hidden middle-man affiliate fee that nobody cares to mention.

A search on both sides revealed a "best price" that was about the same as the renewal but did miss off a few insurers who don't want to be associated with these comparison sites, so I tried those.

One site offered me a "special online price with 10% online discount" of £568, so they were quickly discarded. Another site, who promised to "beat your renewal quote if you have 4 years NCB, even if you aren't very posh" didn't beat my renewal quote. Instead, the tried to triple it.

Resigned to defeat, I tried an online quote with my current insurer and sure enough, I was quoted the "brand new customers only" price of £331. Knowing that I'd have to change the occupation listed on my current documents anyway, I phoned said insurer.

Now I would think that changing my occupation from "care-free, careless student" to "upstanding professional" would have seen a welcome drop, not a £16 increase and so before I knew it, I was passed onto the "Internet quote team" to get the "brand new customers only, but also existing customers if you ask nicely" price.

The annoying thing though, is that for all these various names in the motor insurance industry, they are, on the whole, the same company. Three insurers I obtained quotes from (including the one I went with), were all the same insurer once you get past the marketing yet offered three prices ranging from £331 to nigh-on £1000. For others, the difference was even greater and those that claim to "specialise in younger drivers" were amongst the worst of the bunch.

Never mind eh, there's always next year.