So what are my rights?
When it comes to car insurance renewal, you have a ‘cooling off’ period – usually 14-days, during which time you’re entitled to cancel it. You are always entitled to cancel your cover at any time during the year but there may be charges and you wouldn’t earn that year’s NCD. It’s no different to selling your car and cancelling mid-term but bear in mind, you may have to pay an admin fee for cancellation and the proportion of the premium for the time you have been covered.
How can I get a better deal on my renewal?
There are various things you can do to bag yourself cheaper car insurance renewal. Here are the two most important:
- 1. Don’t leave your car insurance renewal until the last minute
If you’re one of those people who leaves everything to the last minute, don’t do it with your car insurance – as it can cost you. In fact, our research has found that the best time to renew your policy is three weeks before renewal. You could make significant savings by renewing your car insurance three weeks in advance compared to leaving it to the last minute. That’s quite a saving.
However, if you’re not so well organised and have left getting your insurance to the last minute don’t worry, you can get a new policy with us and could be on cover in just thirty minutes.
- 2. Shop around
The more time and research you put in to obtaining a car insurance quote, the more likely you are to get a great deal. This is especially important if you’re over 70 or under 25, or at the first year renewal stage, when premiums are generally at their highest.
Luckily, we can help you find the best car insurance renewal quote. Whether you’re looking to beat your current car insurance provider’s renewal quote, or insure a new vehicle, our simple and easy to use comparison service can save you time and help you find a better deal in minutes so get comparing and see how much you could save.
So what are you waiting for? Get a quote for your car insurance today with comparethemarket.com.