Renewing your Car Insurance Policy
According to Saga, one of the UK’s leading insurance companies, March is the most popular month for renewing car insurance policies. And in statistics recently released, they suggest that nearly three million drivers in the UK have downsized their car in light of the recent ‘credit crunch’ to save money during tough times.
Hunt around for the best car insurance deals
This hardly comes as a surprise considering the costs of insuring a car these days, and the rising fuels prices (although they have seemed to have declined recently…). Saga suggest that around 2.8 million drivers, around 8% of all uk drivers have downsized to save on both fuel and insurance costs during the squeeze – wise choice i think.
The most alarming thing, however, is the finding that nearly three quarters of all motorists have done nothing to reduce their insurance premiums – potentially costing them tens or even hundreds of pounds a year.
Remember that insurance companies will constantly battle with each other to win your business. Always shop around and look for the best premium possible when renewing your motor insurance and you will feel the benefits directly in your bank account. Do note however, that you should always check your new policy before signing, to ensure you will be fully covered. There would be nothing worse than having an accident and finding you aren’t covered for the sake of a few pounds more. Good luck with your bargain hunting!
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