Is it around that time to renew your car insurance? Do you, like 23% of car owners, just allow the price to rise and stick with your insurer? Does it matter that the policy is 5 or 10 percent more costly than last years? Maybe it’s just not worth the hassle of all those calls to goodness knows where or thumbing through the yellow pages. Maybe it’s finally time to surf the web for the best deals in car insurance online. This is where you’ll save the most money.
Furthermore, Insurance companies offer the best rates to new customers, in order to gain their business. Existing clients generally stick with them anyway.
What about the internet?
It really is worth giving it a try. Have you any idea that, if you shop around you could, on average, save around $55, in addition to the extra online discount? It’s estimated that more than 2.25 million car owners purchase their auto insurance online now. The internet is quick and simple to use and internet sales are growing incredibly fast.
Car insurers really want your business!
They will be extremely competitive with costs to be able to gain your business. There are around 100 of these in the united kingdom and because of the strong competition on the market; prices have shown level for the past 12 months. You can go to the individual insurers’ websites, assessment websites or use the one which recommends specific insurance providers for different types of drivers, whether they are in the young, higher risk category or the experienced old drivers with years of proven safe driving behind them.
You can receive instantaneous results and a fantastic amount of advice and information. You’ll be asked to complete your relevant details, for example, the number of years you’ve been driving, whether there are any convictions, period of time of “no claims” for your discount. All easily responded to and your no claims details should be on your renewal notice.
Apart from the straightforward individual car insurance, new categories of insurance are arriving on to the market. You will find pay as you go options and multi-car plans. These used to be difficult to acquire unless you were in the car business. It really seems to be a good time to re-assess what’s available in the car insurance line and get your self up to date on what’s available.
A word of warning though;
The AA’ says “If we don’t learn to see small price raises, then there might well be a distressing and abrupt price hike. This will not be good for the industry’s reputation or our customers.” Insurers are starting to show signals that they may not have the ability to continue to reduce charges for much longer. Rates are accelerating.
The average cost of unintentional harm has risen, costing an additional 5% each time, despite the fact that there are fewer accidents. Cases of personal harm are growing fast and the price tag on settling these are growing at around 12% per annum.
Don’t give your insurance company the chance to utilize this as a justification for a rising premium!