Loyalty doesn’t always pay off—especially when it comes to insurance. Many insurers raise premiums for existing customers, assuming they won’t bother to check for better deals. To avoid getting caught out, here’s what you need to know!
🚨 Where to Find Cheaper Quotes?
You don’t have to settle for higher premiums! Start by checking out these UK comparison websites for insurance quotes:
- Compare the Market – A favourite for quickly comparing quotes across various insurers, and you might even score a free meerkat toy 🐱.
- MoneySuperMarket – Another go-to for car, home, travel, and more insurance comparisons.
- Confused.com – Ideal for seeing a wide range of policies and grabbing cashback offers 🤑.
- GoCompare – Famous for offering Defaqto ratings to help compare the level of cover.
- uSwitch – Handy for switching utilities, insurance, and even broadband in one place.
- Direct Line – While not on comparison sites, they often have competitive rates if you go direct.
- Admiral – Another insurer that can offer cheaper prices by avoiding middlemen.
- Aviva – Known for offering multi-policy discounts.
- LV= – Often offers loyalty discounts but check new customer deals too!
🔍 How to Use This Info:
It’s all about timing ⏳. About 3-4 weeks before your renewal, start gathering new quotes. This window gives you time to see how much you could save and leverage a better deal. Here’s how to maximise your chances:
- Get Multiple Quotes: Use a variety of comparison sites to get a wide range of prices. Each site may work with different insurers, so casting a wide net is crucial.
- Contact Your Current Insurer: If a new quote beats your renewal offer, call up your insurer and ask them to match it. Insurers often prefer to keep existing customers, especially when faced with losing them!
- Opt for Pay Annually: If you can afford it, paying for your insurance in one go is usually cheaper than spreading the cost monthly.
📝 Tips for Snagging the Best Deals:
- Avoid Auto-Renewal: Make sure your policy doesn’t automatically renew. Set a reminder in your phone to check for new quotes well before your renewal date.
- Haggle! 🗣️ Call your current insurer and mention the cheaper offers you’ve found online. You’d be surprised how often they’ll budge!
- Check Cashback Sites: Sites like TopCashback or Quidco often have cashback offers for switching insurers.
- Combine Policies: If you’re insuring more than one thing (car, home, pet), consider bundling them with one insurer for a multi-policy discount 💸.
- Use Intro Offers: Many insurers have special deals for new customers, so it might be worth switching providers.
⏰ Times to Shop for Insurance:
Timing is key! Here’s when to check:
- Renew Early: Start comparing quotes around 21 to 30 days before your policy ends. Insurers tend to offer better deals to those shopping ahead of time.
- Avoid Last-Minute Shopping: Leaving your renewal until the last day could mean higher premiums.
- End of the Month: Some insurers lower prices towards the end of the month to meet sales targets 🏷️.
By following these tips, you can outsmart insurers, grab the best deals, and avoid overpaying on your premiums. Don’t let auto-renewals catch you out!
