How much is my car insurance?
How much is my car insurance? is a much more common question than you might expect.
And it 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’s probably 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 do not know how much you pay because your policy isn’t with us, only your insurer knows.
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.
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 online
Generally you should be able to beat your renewal price and that’s good news if you want to get a new car insurance policy. It’s also useful if you’re comfortable bargaining with your current insurer.
And that’s where mustard.co.uk steps in because we compare insurance quotes from the leading UK brokers, online and over the phone.