It’s completely understandable that with the rising cost of living, an increase to your renewal
price might not always be the news that you were hoping for, but there are a number of
reasons that your premium could go up.
If you’ve made a change to your policy or made a claim, this might have an impact on a
renewal price.
When you’ve changed your vehicle, address or occupation etc, the risk can change for an
insurer and the premium can go up as a result. Every case is different though and it can also
go down, but this is something that else to consider when receiving your renewal.
A claim in the previous policy year may also make a difference. The cost is likely to increase
more if you are found to be fault, but even a non-fault claim can have an impact too, just
because someone that has made a claim is statistically more likely to make another one in
the future.
Below are a few related articles that answer our most common questions, and will give some
further insight into how things like an increase in claims and the cost of repairs can affect
your renewal price.
How is my renewal price calculated?
How does an increase in claims affect my renewal?