How to Compare Car Insurance Quotes

I just compared car insurance quotes for a BMW 5 Series 520d. It took me 40 minutes, and I saved as much as 440€ on the annual premium.

You can compare car insurance quite quickly with the online calculators of the largest insurers. The potential savings are significant, so you will certainly earn a good hourly rate by shopping around.

When comparing car insurance, it is of course worth considering bundling discounts and the convenience of handling all your insurance with one company. Don’t give it too much weight, though: even for a single car we are potentially talking about a price difference of hundreds of euros, and the chances are small that you would deal with your insurer often, even over a five-year period.

Below is an example that shows exactly how I saved over 400€ a year by comparing the insurance for one car.

A car insurance comparison for a BMW 5 Series in practice

Preferably go straight to the insurers’ own calculators. The Kilpailuttaja.fi comparison site currently only gives quotes from Fennia and Pohjantähti, and at least in Pohjantähti’s case the offer was better on Pohjantähti’s own calculator.

At the very least, use the calculators of the big insurers such as LähiTapiola, If and Pohjola Insurance. Filling in one calculator takes about 5 minutes. The table below shows, however, that smaller insurers can also give very competitive or even better offers.

Below is a practical example of a comparison for a 2014 BMW 5 Series 520d Touring, for a driver over 24 with an 80% bonus on their motor liability insurance. The place of residence probably affects the price too, so all the quotes were made with the same postcode.

Car insurance comparison table made on 31 December 2020. *Fennia’s deductible is 500€ for a collision and 200€ for others, for example theft. **If also includes parking cover. ***POP Vakuutus also includes glass cover.

All the calculators were filled in with as similar a level of cover as possible, so that the following are included unless stated otherwise:

• Motor liability insurance
• Animal collision
• Fire
• Theft
• Roadside assistance
• Legal expenses
• Vandalism
• Collision
• Animal collision
• Natural phenomena

With my previous car I had found If to be the cheapest, and when I changed cars I found that the same insurer was almost the most expensive option.

Instead of comparing only your car insurance, you may get even better results and savings by comparing all your insurance policies, although that takes more time and the policy terms matter even more.