Insurance premiums can change from year to year, based on a range of factors. External factors, like the increasing weather events, the number of claims made in a year, increasing repair costs (caused by the increasing costs of parts, increasing costs of labour and the increase in the time of repairs), also have an effect.
Covid impacted supply chain issues mean that cars, and car parts, are more difficult to track down, and become more expensive to replace. Since the amount covered on a policy affects how the premium is calculated, more expensive cars have meant more expensive renewal premiums for some of our customers.
Don’t let your car insurance be a set-and-forget type thing. When renewal time rolls around, log in to My Account and check your details are up to date. Making updates to your excess, amount covered, optional covers and other details can make a big impact on your price.
You can make updates to your policy online, just log in to My Account.