Renewing Your Car Insurance? Here’s What You Need to Do

Owning a car has a number of ongoing payments. From the insurance to the yearly MOT check, it seems that there is always something to pay for when you’re a driver.

By far, the most expensive cost when it comes to driving a car is insurance but it’s a legal necessity. Driving without insurance can result in you losing your license and receiving a temporary ban from driving.

Your insurance covers you in the event of a road traffic accident. Depending on the type of policy you’ve chosen, you will be covered for a certain number of damages, meaning your insurance provider will pay for repairs or expenses associated with your accident.

When your insurance is due up for renewal, you have one of two options. You can either renew with your current insurance provider or you can switch to a different company.

In this article, we’ll cover everything you need to know about renewing your car insurance. If you need any further information, contact the Car Insurance Specialists for expert advice.

Check if Your Car Insurance Renewal is Automatic

Many insurance policies automatically renew each year unless you specifically tell your provider that you don’t want a renewal.

Some providers don’t use automatic renewals. If you’re unsure, check with your provider or look in your insurance documentation. They will be able to cancel your renewal if you don’t want it to automatically update every 12 months.

Most insurance providers get in touch with their policyholders around 28 days before their policy is due for renewal or expiration. This may be via email, phone, or mail.

Cancel Your Policy if You Don’t Want to Renew

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If you’ve decided that you don’t want to continue with your current provider, you are in your right to cancel your policy prior to the renewal date.

To cancel, all you need to do is call your insurance provider and let them know. Your insurance will then expire at the 12-month mark.

Cancel within a reasonable amount of time. Some providers charge an extra fee for late cancellations. If you can, cancel at least 21 days prior to the renewal date.

In the meantime, you will need to find another provider and sign up for one of their policies before your current insurance expires.

Find a New Insurance Provider

If your policy expires and you don’t yet have another auto insurance provider, you won’t be legally allowed to drive your car until you find one. It’s in your best interest to search for a new provider as soon as you can.

Shop around on comparison websites to compare the policies and prices from a variety of insurance companies. Remember that the cheapest one isn’t always the best one.

Different companies offer different amounts of coverage in their policies. Make sure to consider how much coverage you want and take note of the benefits that each provider offers. These factors are just as important as the price.

If you haven’t been in touch with your current insurance provider prior to signing up with another company, make sure to contact them as soon as possible. You need to inform your insurer that you are switching to a new provider.

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Tony Bennett

Tony Bennett

Tony Benett makes his living in the insurance industry by teaching and consulting. He is also recognized by the legal profession as an expert on insurance coverages. His insurance experience includes having worked at the company level, owned an independent general agency and having worked for an insurance association. He has received various certificates over the past few years and helps his clients and readers by giving them a realistic outlook on what they can expect to achieve within their set targets. At Insurance Noon, he is known for his in-depth analysis and attention to details with accuracy. He has been published as one of the most referred agents by his peers in the insurance community. Tony loves the outdoors and most sport events. His passion other than providing excellent advice is playing golf.

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