When it’s time to renew your insurance, you might notice that your price has changed. But why does this happen? Here, we’ll break down some factors that influence your renewal quote to help you understand ways you can manage your costs while ensuring you have the right level of coverage with INSHUR.
An Annual Policy Could be More Cost-Effective
If you have a 30-day policy you could save money by switching to an annual policy.
An annual policy not only keeps your price the same for a full year, but with our premium finance option, you can still spread the cost of your insurance across monthly payments rather than one up-front payment. With one renewal each year, annual policies can also be simpler and less hassle compared to renewing your policy every 30 days.
Plus, our loyalty discount only applies to annual policies, meaning you could benefit even more at your next renewal.
Looking to renew now? Click the button below to get started.
Your Driving History Counts
As with all insurance policies, your renewal price is influenced by claims or convictions you may have had. People with recent claims or convictions are more likely to have another accident or claim in the future. Our prices reflect this.
The good news? If you haven’t had a previous claim, you could be offered a renewal price that’s the same or lower than if you were getting a new business quote with us.
Your Location
Where you live and drive plays a role in your insurance cost. Urban areas with higher traffic density, more pedestrians and cyclists, or more reported accidents and thefts may result in a higher premium. This isn’t about penalising anyone, it’s about ensuring you have the right protection based on the risk in your area.
Loyalty Discounts for Claim-free Drivers
If you’re an annual INSHUR customer with no previous claims, you’ll receive a loyalty discount on your renewal based on how long you’ve been with us. At INSHUR, we reward experienced, careful drivers.
Plus, our loyalty discount only applies to annual policies, meaning you could benefit even more at your next renewal.
Need More Information?
For more details on how renewal pricing works across the industry, check out this guide from the Association of British Insurers (ABI).
By understanding what affects your renewal quote, you can make informed decisions to keep your costs as low as possible while ensuring you have the right insurance for your needs.
Access your policy, quote and renew from your online Dashboard.
For any INSHUR specific questions, check out our Helpcentre, available 24/7.
Want to get started straight away? Click the button below to manage your renewal online.
