Don't get ripped off by car insurance auto-renewals this year
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Did you know auto-renewing car insurance costs us Brits a staggering £1.3bn a year in overpriced premiums?
Millions of us fall for this trick. Are you one of them? What is auto-renewal? When you take out insurance of most kinds, the insurer will often ask if you want to opt for auto-renewal. This means they’ll store your payment details and contact you near renewal time and, if you want to go ahead, you don’t need to do anything. Sounds simple, but it's designed to make you sleepwalk into paying for a more expensive policy. 
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How does it work?
This January you’re likely to receive a hefty renewals letter in the post (if you haven't already). Your premium will have shot up in price, maybe by over £100, but your insurer will tell you not to worry, that no action is required. They won’t explain the price hike, or even tell you how much you paid last year. But you might trust them. Or you might just want a smooth transition. So you accept the new price and auto-renew. We're here to tell you that action is required. Action will lead to major savings. What should I do? Head over to our price comparison tool. Last year we heard from hundreds of people who told us they got a better deal switching. Clare Billson is one of them. She got her annual renewal notice on her 8-year-old Suzuki Swift for £505. So she went on A Spokesman Said and got cover for £260, saving £245 a year. We reckon you could save £200 too, if you take five minutes to compare prices from over 100 brands with our handy price comparison tool. |
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