Is it time for you to renew your auto insurance? Do you just take the quote and stay with your insurance company, like 23% of car owners? Does it matter that this year's premium is 5 or 10% higher than last year's? Maybe it's not worth the trouble of making all those phone calls to who knows where, flipping through the yellow pages, or wearing out the leather on your shoes in the city. Also, insurance companies offer the best rates to new customers in order to get them to stick with them.
Is it time for you to renew your auto insurance? Do you just take the quote and stay with your insurance company, like 23% of car owners? Does it matter that this year's premium is 5 or 10% higher than last year's? Maybe it's not worth the trouble of making all those phone calls to who knows where, flipping through the yellow pages, or wearing out the leather on your shoes in the city. In addition, insurance companies try to get new customers by giving them the best rates. Most of their customers stay with them anyway.
Isn't there also the internet? You should really give it a shot. Do you know that if you shop around, you could save an average of GBP55 and get an extra discount if you shop online? More than 2.25 million car owners now buy their insurance online, according to estimates. The internet is fast and easy to use, and online sales are growing at a very fast rate.
Car insurance companies really want your business, so they will offer very low prices to win you over. There are about 100 of them in the UK, and prices have stayed the same for the past year or so because the industry is very competitive. You can go to the websites of individual insurers, compare insurers, or use a site that recommends specific insurers for different types of drivers, like young, high-risk drivers or older, safe drivers with years of experience. You will get results right away and a huge amount of tips and information. You'll be asked to fill in information about yourself, such as how long you've been driving, if you've been convicted of a crime, and how many years you've had "no claims" for your discount. All of these questions are easy to answer, and your no-claims record should be on your notice of renewal.
Aside from simple car insurance for one person, new types of insurance are coming onto the market. You can pay as you go or get a policy for more than one car. Used to be hard to get unless you worked in the car business. It seems like it's time to look at your car insurance options again and make sure you know what's out there. You can get your mind in the right place by spending a short time on the Internet.
Ian Crowder of the AA, however, says that you should be careful "If prices don't start going up slowly, there could be a sudden and unpleasant price hike. This won't be good for our customers or the reputation of our industry." Insurance companies are starting to show signs that they might not be able to keep prices low for much longer. The number of claims is growing. Even though there are less accidents, the average cost of fixing damage caused by accidents has gone up by 5 percent per year. Personal injury claims are going up quickly, and the cost of settling them is going up by about 12% per year.
Don't let your insurance company use this as an excuse to raise your rates. Instead, go online and take care of it.
