Check your bills
When payments are made by direct debit, it can be easy to overlook them. Try to keep an eye on how much you're being charged each month, and if it increases, ask your provider why.
Mid-contract price rises do happen, and technically your insurance provider isn’t breaking the rules by increasing your payment. However, you do have the right to complain to your provider if you feel the increase is unfair.
Make a note of when your policy ends
Some insurance policies will auto-renew, tying you in for another year, often at a higher price.
Make a note of when your policy is due for renewal. Set yourself a reminder a few weeks before it ends so you have time to shop around.
Don’t leave your renewal until the last moment. You can make more savings by getting quotes a few weeks before your insurance policy ends.
Shop around for a better deal
To get the best deal when your policy is due for renewal, compare prices from other insurance providers. Use price comparison sites to check you're getting the lowest price.
When considering another deal, be sure to check the fine print. If you switch to another insurance provider, you need to make sure that you're getting cover you need.
Ask your insurance company for a better deal
The thought of haggling on price makes many people feel nervous or uncomfortable. When it comes to dealing with your insurance provider though it's best to be direct.
Call your provider and let them know you've seen a better deal elsewhere. Make sure you've got the details on had to refer to when you make the call.
It's surprising how effective asking for a better deal can be. Your provider doesn't want to lose you as a customer so they'll do everything they can to stop you leaving them for one of their rivals.
Don’t wait to switch to a better deal
If you've found a cheaper insurance policy with a different provider, and your current provider can't match it, make the move.
Switching is straightforward, once it's done you don't need to worry about it until your next renewal.
Review your insurance every year
If you get a better deal, it's natural to feel pleased with the outcome, but don't make the mistake of getting too comfortable with your new provider.
Check for better deals each time your policy is due to end so you don't miss out on potential savings. When it comes to insurance, loyalty doesn't pay. Keep shopping around to get the best deals.