The QuoteThe process of getting your quotes and final insurance premium down to a reasonable cost can be a long and drawn out process. For many it’s a matter of principal in the belief that their insurance should yield greater savings each year, whilst for others it’s a hassle and headache that they can live without - hence why so many people renew each year without even shopping around.
The simple fact is that the first year’s insurance quoted by most companies is usually their most competitive price as they understand that you are an acquisition. It is not uncommon for an insurance company to even lose money on the first year policy of a new customer. Their hope is that they can then retain the customer and make money back in subsequent years, and this is the key reason why you should never take up your renewal premium.
The fact of the matter is that the process of shopping around each year isn’t that difficult and can be tackled in a structured fashion which will save you time and money. Some may think that it’s not worth the effort to get the saving, but if you consider that you have the potential to easily save £100+ from a single hour of ‘work’, then this starts to look like a job that is difficult to refuse.
Check out our articles which explain how to go about getting a quote and where the best places to visit and shop around are. If you follow all of our steps you’re bound to find yourself with a significant saving at the end of the day.
Let us know how much you managed to save with our handy tips, deals and promotional codes.