When Is The Best Time To Renew Car Insurance?

Save up to 83% on the price of your car insurance

If you’re curious about the best time to renew car insurance to save money this year, we’ve put together this handy article to help you figure it out.

At Chill, we compare hundreds of thousands of insurance quotes every year, so we have a unique perspective on the market and how to help our customers save money on insurance.

We’ve used this insight to crunch the numbers and come up with the soundest advice around on the cheapest time to renew car insurance. In this article, we will reveal how you can save up to 83% on the price of your car insurance – just by knowing when is best to renew.

Firstly, let’s breakdown car insurance renewal step by step and how to go about it so you can enjoy another year’s motoring, safe in the knowledge you got the very best deal available.

How do I renew my car insurance?

To get the ball rolling, your car insurance company sends you an insurance renewal notice by post or email at least 20 working days (or four weeks) before your insurance policy expiry date.

What to expect in your renewal pack:

  • The price you paid for car insurance the previous year.
  • Quotes for all the policy options available to you now with your current insurer, like comprehensive, third party fire and theft, and third party only. The policy usually offers you cover for 12 months from the date of renewal.
  • Your no claims discount certificate, which you need if you want to switch to a different insurance company for a better deal.

Should I auto renew my car insurance?

Some insurers allow you to auto renew your policy. This means that if you don’t take any action when you receive your renewal notice, your policy automatically renews with your current insurer for the terms and price quoted in the pack.

It’s always best to shop around first for a better deal. That’s why Chill automatically searches the market for you before we contact you with your renewal pack.

Do consider if your policy still meets your needs. Is there a better policy available at a competitive price with extras like windscreen cover, breakdown assistance, courtesy car, additional drivers or no claims bonus protection for more peace of mind?

How is my renewal price calculated?

It can be disappointing to open your renewal pack and find your premium has gone up. It can happen for a combination of reasons - from a change in your circumstances or the car you drive since your last renewal, to rising industry costs because of more claims.

At Chill, your policy renewal is based on the best price we can get from multiple insurers so you can quickly and easily see what our best deal for you is.

To calculate your car insurance renewal price, insurers will look at things like your age, type of vehicle you drive, current job, claims history, where you live, annual mileage, and any modifications you made to the car.

Check out our latest Car Insurance Pricing Index if you want to dive into the detail on how the make/model of your car, the county you live in, your occupation and other factors affect your insurance premium.

The cheapest time to renew your car insurance

Now here’s some insider info to help you get better value on your car insurance renewal. Based on our analysis of over 8000 insurance quotes, the cheapest time to renew car insurance is 30 days before your renewal is due.

Our research included over 150,000 data points to give us a really good idea of what’s going on in the market. We looked at data from multiple insurers and what we found is the price of your car insurance renewal can rise sharply 1 week before your renewal, if you fail to shop around as early as possible.

Browse the market and get car insurance quotes as soon as you get your renewal notice. Don’t leave it to the last minute because it can be up to 83% more expensive!

The cheapest time to renew your car insurance in Ireland

Chill’s top tips for the best deal on car insurance:

  • Set a reminder on your phone for 30 days before your policy is up.
  • Don’t ignore and auto renew without searching the market first.
  • Use a car insurance company like Chill that will search multiple insurers to save you time and money.

When is my car insurance renewal?

To be best prepared, check your car insurance renewal date in advance. You’ll find it on the insurance disc in your windscreen, your Certificate of Insurance, or your renewal notice from your current insurer.

You should receive your renewal pack around 30 days before your renewal is due.

It’s Insurance, and It’s Chill

The takeaway? The best time to renew your car insurance based on our research of over 8000 insurance quotes is 30 days before your renewal date. Don’t leave it to the last minute!

When you choose Chill, we compare 14 insurers to get you the best deals before your renewal date.

For extra peace of mind, we lock in your best renewal price so you don’t have to worry about missing a great deal.