It’s important to double check that your cover still suits your needs, as a lot of things can change in a year, and you want to make sure you’re fully covered.
Also, when it comes to getting other insurance quotes – it’s also important to make sure that your renewal quote is like-for-like with the new quotes you’re getting. For example, one policy might have a higher excess than the other, if that’s important to you – you may consider paying a bit more for your insurance, to have a smaller excess.
Here are some of the important things to consider:
Check how many miles you drove last year, your annual mileage may no longer reflect how much you’re actually driving. Reducing this might also save you some money.
Have a look at the usage you’ve selected, does it still reflect what you use your car for?
Have you changed jobs? It’s important to keep your occupation status up to date.
Have you had any convictions you need to add to your insurance details? It’s essential to add these on, especially as it may affect your cover.
You should double check that any claims listed on your documents are accurate, as these are usually the details that will be passed to other insurers if you choose to switch.
- Compulsory and Voluntary Excesses
You should always double check your excess, as different underwriters may have different compulsory excesses. You shouldn’t assume it’ll be the same as last year, just in case. You should also be aware that there are different excesses for different types of claims. For example, there’s a compulsory one for accidental damages, fire and theft, and usually a smaller one for glass claims. Remember, any voluntary excess you choose will be on top of the compulsory excess.
- Young Driver Excess
In addition to the excesses mentioned above, you may also need to pay a young driver excess on top of these if you make a claim. Typically these affect drivers under 25 years of age, and those who’ve held a full licence less than a year.
- Level of Cover
Check the level of cover you’ve chosen, and make sure it still covers you for everything you need it too – if it doesn’t you may want to consider changing your cover or reviewing your optional extras this year.
- Make and Model
If you’ve changed your car, you should double check that the make and model of your car is correct, as this can influence the price of your quote.