The expense of car insurance premiums are expected to go up dramatically in 2010 with some major insurance news sites predicting as much as 20% in premium hikes as the adjusts to large losses and claims in recent years.
However your competitors remains fierce and people who bother to take the time doing your research and comparing prices from different companies may benefit while people who cannot be bothered will pay the cost at renewal.
You have probably heard the phrase ‘brand new clients only’ applied to the tv adverts that constantly bombard us with deals and offers for cheaper cover.
The majority of the major car insurance providers in the United Kingdom are offering incentives to obtain you to maneuver from your present insurer and take out a policy with them British insurance news. You will need to check out these offers carefully and be prepared to take the time and effort to know the ‘catches’ if you intend to successfully lower your premium each year.
There is no logical reason why your premiums should rise at renewal if you don’t have experienced claims, but when you remain with the same insurance company year on year out of inertia, you are able to virtually guarantee you will be paying more to cover the expenses of the incentives offered to the ‘new business or the claims of other people who are insured with the same company.
In the UK car insurance companies seem only concerned with simply how much level of new clients they could attract and once they’ve your premiums you are no further of interest to them. So if you intend to cut costs on your car or truck insurance it is necessary to improve insurer each year!
About a month before your renewal date you must receive from your existing company an invite to renew, which typically is going to be automatic if you don’t cancel the policy. This is the time for you to search elsewhere for cheaper quotes for the same amount of cover. Most quotes are legally valid for thirty days from the date they were given, which enables you the required time to compare the vehicle insurance market before cancelling your policy and obtaining cover elsewhere. The invite to renew document may also contain proof your no claims driving history and the number of years discount you are entitled to. Keep this document safe as you is going to be required to make it when moving to a different insurance company as proof no claims.
Compare and Move!
The best place to begin looking for cheaper car insurance is on the Internet Car Insurance comparison sites of which you can find many. Choose at least three different price comparison websites to obtain quotes from; they often only take a few momemts to accomplish all of your details to obtain a range of quotes.
Know that the number of comparisons they make and the premiums quoted often vary dramatically in one car insurance comparison website to another.
The comparison sites may have negotiated different rates with the insurance companies for several types of customer or car as all car insurance companies have target markets.
To get one which might be considerably better for your requirements it is advisable to locate online for compare car insurance for the particular model of vehicle. When you have a poor driving history, drive an unusual or classic car or need specialist cover there are now many smaller specialist comparison sites that cater for each one of these needs.
Once you’ve found an alternate cheaper provider, make a note of the quote and return to the website just just before as soon as your existing cover runs out. Make sure to clear down the cookies in your computer’s browser, otherwise the organization will know you have been quoted before and only provide you with the same deal. This way you ensure you will get any of the latest incentives and discounts once you buy the cover.
Car insurance can be bought to begin from your renewal date and you must return your certificate of insurance to the old insurer once you have found alternative cover. Telephone your existing Insurance company and inform them you are cancelling the cover and won’t be renewing. Undoubtedly they’ll ask for your reasons. Tell them they are too costly and that you are finding cheaper cover elsewhere. When you have been a good customer and not claimed, perhaps you are surprised that numerous will offer to beat or at least match the premium you have been offered elsewhere, which will save the difficulty of moving and cut your motoring costs.