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Insurance Renewal Gone Up? 15 Possible Reasons

If your renewal price has increased, there may be several explanations. This guide helps you identify what changed and when it is worth comparing alternatives.

Insurance Renewal Gone Up? 15 Possible Reasons

A higher renewal can come from changes in your circumstances, your vehicle or the insurer’s pricing. The important point is that one renewal price is not the whole market.

Your own details changed

Address, occupation, mileage, drivers, claims, convictions and vehicle details can all affect the price.

The vehicle or use changed

A different car, business use, commuting or modifications can alter underwriting.

The insurer changed its pricing

Rates can move because of claims costs, repair costs, theft patterns, panel strategy or wider market conditions.

The policy itself changed

Check excesses, extras, cover limits, payment method and fees.

Your no-claims position changed

A claim, incident or change in discount can alter the renewal.

Nothing obvious changed

Even then, the renewal can still rise. That is exactly when comparing can be useful.

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