Why Waste Money On Your Car Insurance Renewal?
Published: 23 August 2010 By MoneyHighStreet Staff Leave a Comment
Many motorists automatically renew their car insurance but according to moneysupermarket.com this results in many wasting over £200 simply because they don’t check they’re getting the best deal.
September is a prime renewal period for car insurance but research from the number one comparison site reveals that some 25% of motorists simply renew cover with their current insurer.
Steve Sweeney, head of car insurance at moneysupermarket.com said: “We have seen premium prices rocket over the past year, and this is mainly because of increases in fraudulent claims, increased personal injury claims and uninsured drivers, meaning insurers are putting policy prices up to compensate.
It is alarming so many motorists are prepared to waste their hard earned cash, especially when this money could come in useful elsewhere.”
The research also reveals drivers stay loyal to their provider for an average 2.8 years, with the over 55s remaining the most faithful of the age groups, sticking with their provider for an average 3.5 years.
But as Steve Sweeney continued: “Providers count on your apathy to reap the profits and do not reward your loyalty with a cheaper premium.
While they may lure you in with a competitive deal or special discount in year one of your policy, (not ordinarily available to existing policy holders), you can be sure your renewal price will include a hefty increase – hardly the thanks you were expecting for your loyalty.”
Check price comparison sites to make sure you are getting the best deal or take advantage of our reader opportunity to save 15% off your current insurers car insurance renewal premium.
We can offer this fantastic saving through our partnership with leading insurance broker W B Baxter.
To get a car insurance quote or get more information, simply
Call Baxters Streetwise on 0845 4023 298 – Quote MNYS to get the 15% saving.
Call any time between 8am to 8pm Monday to Friday and 9am to 4pm Saturdays and don’t forget to have your renewal notice to hand.
What does this 15% saving on your car insurance mean?
Quite simply it means you know how much you can save on your car insurance as soon as your car insurance renewal notice is received from your current insurer.
For example, if your renewal premium is £300, your car insurance quote from Baxters using the MoneyHighStreet 15% saving, will be £255.
* Subject to certain eligibility criteria. Terms, conditions, exclusions & minimum premiums apply.
On average MoneyHighStreet readers save approximately £50 or more.
Media Netrix Limited is an Introducer Appointed Representative of W B Baxter Ltd, an insurance intermediary authorised and regulated by the Financial Services Authority (FSA).