If it’s time to renew your car insurance, you need to make sure you’re doing everything you can to get a cheaper quote so you can drive legally without spending a fortune. It doesn’t matter how much money you have; nobody should be paying more than they need to for car insurance.
If it’s almost time for you to renew, take a look at the 6 points below and make sure you don’t do them:
It’s easy to auto renew with your current supplier, but that doesn’t mean you should. You should take the time to check out other suppliers, and if you find a better deal, tell them about it.
They may match it, and if they don’t, it’s easy enough to switch. Just because this deal was the best last year, doesn’t mean it will be this year.
Finding out how car insurance actually works can be a big help when it comes to renewing. Understanding the different types of insurance, excesses etc could save you a tidy amount.
Make sure you think about the additional features of a policy before you buy. There are many different add-ons, such as zero depreciation cover. These things can make your policy more economical, so pay attention to them. If you have a luxury car, this point is more important, as your car will depreciate more over time.
Your no claim bonus could discount your insurance policy anywhere from 20% to 50%. Make sure you defensively drive your vehicle with this bonus in mind, and you’ll keep it intact. Bear in mind that even if you get into an accident that isn’t your fault, you could lose this bonus if you haven’t already protected it.
It can be tempting to go for the cheapest insurance policy, but it really isn’t a good idea if you want to make sure that this policy has everything you could possibly need, including the extras that can make a big difference to your life on the road.
Make sure you get the one that covers your needs, or you’ll be in trouble if something does happen. If you’re in trade, you need to have trade risk insurance, for example. Car insurance alone isn’t enough.
You’ll also want to do your research so you know the answer to questions like does trade insurance cover uninsured cars? Make sure you’re clued up so you’re protected at all times.
Make sure you read over the terms and conditions and any clauses very carefully before you renew so you’re familiar with the plan and what you’re getting yourself into. It’s essential to know the portability clause as you can switch your policy from one insurer to another at the time of renewal.
Making sure you avoid the 6 things listed here will ensure you have the best possible insurance quote for your vehicle. Keeping cars on the road is expensive enough without making some of the mistakes people tend to make these days.