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How to save money on your car insurance renewal

Kasey Cassells
Written by Kasey Cassells, Senior content editor

20 September 2018

Find out ways of beating the renewal quote offered by your current insurer
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How to save money on your car insurance renewal

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Once you have your car insurance policy in place, it's easy to let it renew automatically each year. But if you want to make sure you're paying the best price, it's worth revisiting your policy each year as there could be a cheaper deal available.

Your insurer will send out a renewal letter a few weeks before your policy ends, and in most cases will automatically renew your cover for another year unless you instruct them otherwise.

Since April 2017, insurers have been required to include last year's premium on customers' renewal letters, so it's now easier than ever to compare this year's price with what you've paid previously. And with the cost of comprehensive car insurance rising by an average of £60 in 12 months (AA British Insurance Premium Index, October 2017), many drivers are finding their renewal price is even higher than they paid last year.

Once you receive your renewal notice, it's a great time to shop around for a better deal on cover. Armed with this year's quoted price from your current insurer, you can easily see whether you can save money or even get a better level of cover for a better price from a different insurer.

Price comparison sites like Uswitch make it easy to compare quotes up to 30 days before your renewal date, so you can set up a new policy in advance to start as soon as your current one ends — just remember to tell your insurer you don't want to renew your policy.

If there's still some time until your policy ends, there are a few ways you can prepare to give you the best chance of saving on your renewal price.

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Mortgage repayment holidays

Set reminders

With a 30-day window for shopping around before your policy auto-renews, you've got plenty of time to shop around. But to prevent the all-important renewal date from slipping your mind, you can sign up for helpful reminders with a Uswitch account.

Don't leave it until the last minute

Insurers change their prices daily, so it can pay to lock in a quote as far in advance as you can before your renewal is due. Some insurers may also increase the prices quoted the nearer you get to the start date of your new policy.

Renewing early could not only could save you money, it will also give you peace of mind that your cover is in place for another year.

Do your research

Arm yourself with knowledge before you search for cheaper car insurance for the next 12 months. Read our guides on car insurance and motoring here. Our guide to 10 tips on cutting the cost of cover is a great place to start.

Get a car insurance quote

See a range of car insurance quotes in just a few minutes when you compare with Uswitch

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