Car Insurance: Think you got a bargain?
- Japanese Motor Car Import Insurance
- If your car has not been manufactured for the uk you may as well have problems getting insured. But there are specialist policies available.
- Car Insurance. How can you lower your premiums?
- A wide range of aspects affect the cost of your car insurance some you can influence and some you cant. This article introduces the reader to 9 aspects within their control and recommeds the Internet as a way of getting an overall discount.
- Car Insurance Gearing Up To Drive Down Costs
- Some comments on pay as you go car insurance and how the internet shopping is helping drive down prices.
- 18 Tips for privately buying a second hand car
- Avoid the pitfalls when you buy a second hand car in the UK. This article tells you how.
- Car Insurance. Premiums driven down by the Internet.
- The Internet is having a big effect on the price of car insurance. But it still pays to shop around.
- Car Insurance. Optional legal expense cover is well worth the extra.
- Opt in for legal expense cover. Why and what does it cost? This article explains.
Author: Rick Williams
Getting a fair price on a new car insurance policy or renewing an existing policy is not straightforward.
Car Insurers more than anyone recognise the value of farming their existing customer base and they know that most people simply don't have the time or inclination to go shopping around every year when their policy is up for renewal.
The process of stealth it seems is applied to customer renewal quotes. Newer customers, perhaps renewing for the first time, may be offered a relatively competitive premium, but once the insurer has a track record of renewal behaviour for a customer, it gives them plenty of information to work out if a straight renewal is likey and whether they can hike up the renewal quote accordingly.
If they know there's a fairly low chance that you'll question a renewal quote, what's to stop them slowly marking up the price. Customer churn is part of the car insurance market and insurers build the costs of new customer acquisition into their financial planning. They also know that they can't offer the cheapest quotes to all of their customers - they'd probably go out of business if they did. So don't fall victim to the fate of the serial renewer - shop around every year!
