Top tips for renewing your car insurance

It’s easy to feel like there’s no point in changing things up when your car insurance renewal is due. After all, your provider has already sent through your new quote, and you’ve been with them for a while. 

Taking a closer look at your options can ensure you’re saving money and getting the cover that truly suits your current needs. Now’s the perfect time to re-evaluate your car insurance policy, making sure it’s still working for you in the best way possible.

Review your current policy before renewal

Before you rush to renew your car insurance, take a moment to thoroughly review your current policy. Insurance providers often make subtle changes in terms or coverage options, so it’s crucial to check whether any details need updating. 

Start by looking at your policy’s key components, such as the level of cover, excess amounts, and any optional extras you’ve added. Has your driving situation changed since the last renewal? For instance, have you started commuting more often or upgraded your vehicle? 

These factors can significantly affect your premium, and it’s important that your cover reflects your current circumstances. Take note of any optional add-ons that might no longer be relevant. 

Don’t just accept the renewal quote – shop around

Many people automatically accept the renewal quote they receive, assuming it’s their best option. But your insurer’s first offer might not be the most competitive one. 

Don’t hesitate to shop around and compare quotes from other providers. You might be surprised by the savings you can make. 

Comparison websites are a good starting point, but it’s also worth contacting insurers directly, as they might offer better deals or discounts that aren’t available online.

Ensure the coverage levels, excess, and any additional benefits are the same across the board, so you’re not compromising on essential protection for the sake of a lower price.

Consider adjusting your cover if things have changed

Have you recently downsized your car or moved to a safer area with lower crime rates? These changes can lower your risk profile, meaning you might be able to reduce your premium by adjusting your coverage. 

Alternatively, if you’ve made significant upgrades to your car or started using it for business purposes, it’s wise to reassess your policy to ensure you have the right level of protection.

If you’ve recently had a change in driving habits, like a longer daily commute, adjusting your policy’s mileage limits can help avoid unnecessary coverage costs.

Look for discounts and ways to build a no-claims bonus

Most insurers reward safe drivers with discounts, so take the time to check if your insurer offers any discounts for things like installing a dashcam, parking in a garage, or driving fewer miles each year. Additionally, if you’ve maintained a claim-free record, you may be eligible for a no-claims bonus.

Over time, this can significantly reduce your premium. However, not all insurers treat no-claims bonuses the same way, so ask your insurer how they apply it to your renewal quote. If you’re unsure whether your no-claims bonus has been fully accounted for, give them a call and ask.