Other Good Times To Look For Insurance
You should also shop around when:
- You’re buying a new or used car
- You’ve moved house or changed jobs
- You’ve had a birthday or major life event (especially turning 25)
- Your circumstances change (e.g. reduced mileage, different car usage)
Even if you’re not near renewal, you can often get a better deal by switching early, just check if your current provider charges cancellation fees.
There is a chance you’ll lose your no claims bonus for the year by doing this, but don’t worry any existing no claims will be safe. Check with your provider if you are unsure on this.
What About Automatic Renewals?
If you’re on automatic renewal, don’t assume it’s the best deal. Insurers rarely reward loyalty, and many drivers overpay by hundreds each year by not switching.
Set a calendar reminder 3–4 weeks before your policy ends and start shopping around.
Yes, but there may be cancellation fees. Still, the savings from a better deal can often outweigh the fee.
No, your no claims bonus carries over to your new insurer, even mid-policy. However, you will not earn a new years no claims.
Yes, most insurers let you buy up to 30 days in advance, lock in a low rate now, even if your current policy is still active.
You’ll usually get a pro-rata refund minus any admin fees or non-refundable costs (e.g. if you’ve made a claim).
