Exact day you should renew your car insurance to get cheapest deal

Exact day you should renew your car insurance to get cheapest deal If your car insurance is up for renewal, it can be frustrating when your new price comes in more expensive than what you paid last year Car insurance can be an expensive cost - but timing your renewal just right could save you money. The average annual cost of car insurance in the UK is £566, according to data from the Association of British Insurers (ABI). If your car insurance is up for renewal, it can be frustrating when your new price comes in more expensive than what you paid last year. It is always best to shop around and find cheaper quotes if you can - and according to Money Saving Expert (MSE), the ideal time to do this is 21 to 26 days before your current policy ends. The theory is that your car insurance quotes become more expensive the close it gets to when your policy ends, as you are seen as higher risk. MSE said: "Some insurers have told us they've seen a direct link between drivers who leave sorting their insurance to the last moment and those who make a higher number of claims." MSE said those who are organised and try to get a renewal price 30 days in advance may not find the cheapest deals as there are less quotes available this far ahead. Car insurance is a legal requirement in the UK. How to save money on car insurance If your car insurance is up for renewal, use a comparison site to search for a cheaper price. Once you have seen a better deal, you can either switch to it - or try and haggle down your existing provider. New analysis from Which? shows the car insurance firms where drivers are most likely to be able to haggle a cheaper price. They found seven in ten (72%) customers with Admiral were successful in securing a lower premium - and the majority (57%) of those did so without making any policy changes. You can also save money by paying for the year upfront, as opposed to splitting your payments into monthly instalments. This is because you can avoid paying interest and admin fees. You typically have to tell car insurance providers your job title when searching for your next quote. Most of the time, you’ll need to pick which best describes your occupation from a list of pre-set job titles. If there is more than one title that could accurately be applied to what you do, it’s worth checking if one description will give you a cheaper quote. But it is crucial you do not lie about your job title as you could risk being accused of fraud and having your insurance invalidated. It has to be something that can legitimately be used to describe your job.