“Car insurance prices have been dropping for some time now - and this is great news for those who are due to renew soon. Our latest data shows that the cost of a new policy, on average, is £144 cheaper compared to last year. But some customers aren’t seeing the same savings in their renewal price from their insurer.
“When it comes to your renewal, your premium price might go down - or it might stay about the same. But as average prices drop, insurers can become more competitive, which means you could get a cheaper price elsewhere. It’s important not to just stick with a price because it looks good - you could be missing out on a lot of money.
“To get an idea of how much you could be paying, we’ve created a car insurance calculator, based on your age, gender, and where you live. Though it shouldn’t be taken as a final price, shopping around is the only way to see the cheapest options for you. Doing this around 3 weeks before your renewal is due could be the best time to get the lowest price.
“And don’t forget to review your details. Ensuring your mileage is accurate, or enhancing your vehicle’s security could also save you money on your insurance. And if you have the option to share the driving, adding a named driver can offer some savings too.
“Be savvy and prepared when it comes to your car insurance - it’s the best way to make sure you’re getting the best price at a time when any money back in your pocket is no doubt welcomed!”
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