Cheap Car Insurance Quotes in the East Midlands

Cheapest Car Insurance in Nottingham & Leicester

In a comprehensive review by NimbleFins car insurance experts, it was discovered that certain car insurance providers in the East Midlands can charge 2X as much as cheaper quotes. This finding is supported by the comprehensive survey by NimbleFins' comparison engine partner, which demonstrated that comparing car insurance quotes can save you up to £515.

In the East Midlands, the average cost of cheap comprehensive car insurance for our sample driver was 6% less expensive than the national average, which is now £559. This would put typical East Midlands car insurance at around £527 per year today—although this can vary highly by area. Does that mean the drivers are better than the rest? Let's see!

Let's take a look at some risk factors that contribute to car insurance rates. For this analysis, we'll look at:

First, how does the East Midlands compare to other regions? The East Midlands ranked 4th out of the 9 regions in England in terms of lowest risks related to car insurance claims. The East Midlands has a moderate rate of collisions per mile driven, rate of vehicle offences (e.g. car thefts) and points on licences, as you can see in the table below.

In the final column, we include an average of the how far each risk factor is from the average across geographies. This is just a rough way to get an idea of how risky one area is compared to another overall—and provides a tool for ranking the regions. As you can see, the East Midlands overall is 14% less risky than average, in terms of rate of collisions, vehicle thefts and drivers with points on their licence. This gels with slightly lower-than-average car insurance rates.

Is this a perfect metric? No. Does it give us a picture of driving risks? Yes.

Car insurance rates will be cheaper in the East Midlands because insurers view the risk factors as being lower here—as evidenced by the data above. This could be a combination of less odds of a claim and also lower payouts per claim (for example, due to lower average car values). We've just looked at a few factors here.

Cheap Car Insurance Quotes by Local Area

Now, let's compare these same three car insurance risk factors across local areas in the East Midlands. Which areas are the riskiest, and are therefore more likely to have higher car insurance rates? As above, we compare rates of collision, vehicle crime and drivers with points.

The "riskiest" area overall is Nottingham. With the highest collision rate by far (711.5 collisions per billion miles), moderate theft and driving licence points probably aren't enough to save the risk profile for this area. Expect higher car insurance rates here.

The "least risky" local area overall is Rutland, only 74.9 collisions per billion miles driven (almost 90% lower than Nottingham!)—plus the area has quite low vehicle theft rates but note that the rate of drivers with points here even higher than Nottingham!

What is considered "Vehicle Crime"? Vehicle crime essentially includes theft from a vehicle and theft of a vehicle. In general, theft from a vehicle is 5X more common than theft of a vehicle.

Comprehensive cover is often the best value. We found that Third Party Only cover costs 2X as much as Comprehensive cover in the East Midlands—for example, for one sample motorist TPO cost £1,427 on average while a Comprehensive policy cost £730—making Comprehensive much better value for money. If you're looking to save money on car insurance in the East Midlands and think you can do so by getting TPO cover, be sure to check prices for higher tiers of cover as you could get more cover for less money.

East Midlands, England Car Insurance Brokers

Independent car insurance brokers can be useful resources for East Midlands drivers who want to discuss their insurance options, need specialist cover or who simply aren't comfortable buying a policy online or over the phone.

However, you might pay more to a broker—they may work only with a selection of insurance companies and may not be able to find the cheapest plan for you, plus they often charge an arrangement fee and/or higher admin and cancellation fees.

If you decide to use a broker, be sure to enquire about the setup/arrangement fees, admin fees, renewal fees and cancellation fees before buying a policy.

FAQs

Methodology

To determine average car insurance costs for cities like Derby, Leicester, Lincoln, Mansfield, Northampton and Nottingham in the East Midlands, we gathered data on collision rate from the Department for Transport, points on licences from the DVLA and rates of vehicle crime from police forces (via the Home Office).

We separately looked for cheap car insurance quotes for the East Midlands, and noticed that some brands only offer cover in certain neighbourhoods, perhaps in areas from which they expect lower claims. Most notable was Churchill—they came up quite cheap compared to the market at the time, but were more restrictive in the postcodes they cover. This may have changed, however, and they very well might be cheapest for you, if they cover your area. Or not!

To find rates for your car insurance, click below:

Note regarding savings figures: *For information on the latest saving figures, pay-less-than figures, and pay-from figures used for promotional purposes, please click here.