How much is my car insurance?

Posted by mustard.co.uk on September 15th, 2015

How much is my car insurance? is a much more common question than you might expect.

Which means lots of UK drivers don’t know how much their insurance is and that means that when it comes to getting a new policy, they may not know what price they need to beat to save money.

How do I find out how much my car insurance is?

It’s fairly straightforward to find out exactly what you are paying or have paid for your car insurance by checking your bank account and seeing how much money has left your account either every month or in a single lump sum.

It sounds obvious but with online banking it probably is the easiest way to see exactly how much your car insurance costs and who your insurer is.

The other option is to get in touch with your insurer either online or over the phone.

Unfortunately, mustard.co.uk and other comparison sites can’t help you, as we don’t know how much you pay, because your policy isn’t with us. Only your insurer can provide this information.

Beating your insurance price

Generally, people ask how much they pay for insurance when their car insurance is due for renewal because everybody would like to pay less.

Some policies may have an auto-renewal option but insurers are required to give you notice when your renewal is coming up.

If you want to compare new insurance policies and see if you can beat your existing premium, it’s a good idea to start looking when your auto-renewal letter comes through.

Jaguar XF in deep ed in side profile

Auto-renewal

Auto-renewal quotes may be cheaper than your current payments but there is no guarantee that will be the case.

Insurers change their rates often, which means one day your policy could cost £400 and the next day it could have shot up to £500.

You can’t really predict it because prices are based on risk, which is the result of lots of different factors, most of which are out of your control.

So, it may be best to compare quotes for a new policy anyway to see whether a new policy is cheaper than your current one.

Comparing insurance quotes

The next step, once you know your previous insurance cost, is to start the search for your new policy.

That’s where mustard.co.uk steps in because we compare insurance quotes from over 60 of the leading UK insurance providers.

Not only is our online form quick and easy to complete but we also have an online Cheapest Price Guarantee*  – but if you prefer to speak to someone directly, please call 0330022 8814 and one of the team will be happy to help.

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