In the current economic climate here in the UK, the majority of people are trying to find ways to cut or at very least contain their personal expenditure. You will probably be aware that the cost of motor insurance has risen by a large amount for many drivers in the last 2 or 3 years and that includes campervan insurance.
So, if you are interested in exploring the possibility of containing or perhaps maybe lowering your campervan insurance premiums then read on….
Many of you will no doubt have heard of the price comparison website known as Go. Compare. Well it has done some research into when may be the best time to renew your car insurance with another provider having received your annual renewal notice.
Too many motorists do not pay much attention when their car insurance renewal notice arrives through their letterbox or in their email inbox. Many just file the paperwork whereas it may prove of financial benefit to shop around to see if he or she can get the same level of cover but at lower cost. The same applies when receiving their campervan insurance renewal documents.
Well, according to the above price comparison website’s research, it found that if you get a car insurance renewal quote from another provider 26 days before your existing policy is coming up for renewal you may pay the least for your cover. Its research found that the average (media) premium paid was £367 per annum. If you got a renewal quote from another insurer 22 days before your existing policy is due to be renewed the figure would rise to an average of £381 per annum. Get such a quote 8 days before your renewal date then you may pay an average of £412 per annum. 4 days before renewal the quote may average £448 per annum. Get a renewal quote from a different insurer on the day your policy is coming up for renewal then the average premium may be £569 per annum.
As you can see from the above figures, there is a large difference in the cost depending upon when you get a car insurance renewal quote. It is quite possible that a similar pattern may be found when you come to look at campervan insurance renewal quotations.
So, do a little bit of timely research and see if you can save some money on your campervan insurance.
