Car Insurance Renewal
Are Your Details Up To Date?
I like to approach my insurance renewal like I would Christmas present shopping. I can start off with great intentions of getting a great gift but leave it until the last minute and someone will end up with a monogrammed bowling ball.
It always starts the same way. You get a text, letter or email from your car insurer with your offer of renewal. Before you say yes to the first offer there are a few things you need to take into consideration.
We have asked some of our insurance renewal experts to come up with some things you should take into consideration before deciding on whether to stick with your current insurer or go with someone new.
You Have time
First thing to remember is that your insurance company has to send you out a renewal notice at least 15 days before your present cover expires. This should allow you enough time to review what is on offer in the market and for you to decide if you want to take what you insurer is offering or if it’s time for a switch.
Check The Renewal Offer
Make sure you read the details of your renewal offer to make sure that you are aware of what you are being offered and what your cover includes. Even if you have been offered what appears like a great price there is no harm in doing some more research to see if you could make some more savings.
Are Your Details Up To Date
A lot can change in a year and you might not realise how much something minor might impact your premium. For starters you now have an additional year of driving experience but there can be other changes your insurer mightn't be aware of that could impact your quote. Has any of the following happening during the last 12 months?
- You may have moved home.
- You may have a new job.
- You might be driving less.
If your details have changed it is definitely worth your time either calling your current insurer or going on-line to do a new quote.
Adding Others To Your Cover
Have you decided to add another person to your cover as a named driver? If this person has more documented driving experience than you they might be able to help spread the cost of your premium.
A car’s resale value can sometimes drop in a year which means that you might be overestimating it when you are doing your quote. There are ways to check how much your car is actually worth without having to contact someone in the motor trade. For example try www.carculator.ie or www.beepbeep.ie to get an idea of what your car might be actually worth. This might help you lower the cost of your renewal slightly.
All of the above might seem like a lot of work especially if we let our cover run right down to the wire but don’t fret as there is help at hand. Your insurer can help update your details on their system with one quick phone call but if you want to get more than one quote at renewal time a broker could be a great option. Because brokers, like ourselves, work with a number a different insurers they can help you get a variety of quotes depending on the type of cover you want.
So if you have just received your car insurance renewal and are looking to see if there is any way for you to get a better offer, while saving some money, why not do a quick quote today to find out what Chill Insurance can do for you.