For as long as you plan on driving, you're going to need car insurance.
Over time, it's only natural to wonder if there's someone better out there for you. And if there is, then when's the best time to switch? We've reviewed four of the most opportune times to make the change.
When your car insurance is up for renewal
Renewal time is a good reminder to review your current car insurance policy and determine if it's still the right one for you. Your renewal notice will outline all of your policy information, making it easy for you to compare car insurance quotes based on your current level of cover. Switching at renewal time could also ensure that you exhaust your current cover without incurring any cancellation fees or refund penalties. Check your PDS to see if these apply before switching providers.
When you buy a new car
A new car is a great opportunity to compare insurers as your insurance premium is bound to change based on the features and details of your new car. If you are upgrading from an older vehicle to a newer one, it may also be time to switch car insurance products altogether, such as from third party fire and theft to comprehensive.
As soon as you know what car you'd like to buy, call your insurer and ask them to provide you with a new car insurance quote. If you're happy with it, you'll need to transfer your car insurance over to your new vehicle, which should be a very quick and easy process. If you decide to shop around, make sure the quotes you're getting all have the same agreed value and excess in them.
When you move house
Where you live can have a significant impact on your car insurance premium as things like location and where you park your car (i.e. in the garage, in a driveway or on the street) can affect your risk factor. If you're moving house, you'll need to alert your insurer to your new location and circumstances. If your premium rises as a result, then it's a good time to compare some car insurance quotes.
Your insurance company doesn't get how you use your car
You're unique - so is your car and the way you drive it. Your premium should be unique too. If your current insurance provider isn't giving you the exact cover you need, then it's time to find one who can. At Youi, we tailor your premium based on your unique circumstances so you only pay for the cover you need. We also get how you use or don't use your car. For example, if you commute, only drive a short distance for work or park securely, you could save lots.
Ready to start shopping around? Start a quote with us to see how much you could save.