It is believed that there are over 24 million motorists on our roads in the UK that means that there are an awful lot of car insurance policies in place. Each year, millions of people will receive their renewal notices.
This document will tell you that your premium for the next 12 months is going to be £x. On many an occasion, that revised premium has increased in comparison with what you have been paying for the last year. In most cases, the correspondence will no doubt state that if you want to accept the new premium you don’t have to do anything.
It is estimated by the price comparison website Gocompare.com that, unfortunately, around 8.8 million motorists just renewed their most recent car insurance without trying to find out if they could get a better deal elsewhere. Apparently, this means that they have missed the opportunity to save as much as £225.09 per annum.
We are sure that you will agree the above potential saving is considerable. Therefore, don’t you think it would be a good idea to devote a little time when you receive your car insurance renewal notice to see if you can arrange your next 12 month’s car insurance at a lower premium than what you are being expected to pay with your existing insurance company?
As a starting point, you could go onto one of the many price comparison websites on the Internet. It will only take a few minutes to key in the requested information and you should be presented with a number of car insurance quotes. If you don’t take this action you will never find out if you could have got cheaper car insurance.
If you do manage to get a cheaper quote then you could arrange your insurance with the new insurer making sure that you arrange to cancel the cover with your present insurer on the appropriate date. Alternatively, you may want to speak to your existing insurer to inform them that you have got a better deal elsewhere and ask them if they will match or better it.
It costs you nothing to find out.
So, next time you receive your car insurance renewal notice, do something about it!