When you receive your renewal notices relating to your classic car insurance and the car insurance covering your family saloon from your existing insurer(s) some of you will no doubt check to see if you can get the cover cheaper elsewhere. However, there are many motorists who do not bother to do this.

With effect from the 1st January 2022, car insurance providers are no longer allowed to charge an existing customer more for the same cover on a like for like basis than a new customer. Until the end of last year, a number of insurance companies used to charge motorists who were applying for cover for the first time with them less than they would charge an existing customer whose policy was coming up for renewal when the cover was on a like for like basis.

As a result, it is quite possible that insurance companies will increase the amount that they charge new customers to help make up for the shortfall in the increased premium they may have charged an existing customer when their policy comes up for renewal.

Therefore, is it still worth shopping around when your existing classic car insurance or normal car insurance comes up for its annual renewal to see if you can get the same level of quality cover cheaper elsewhere? Potentially, it is.

The reason for this is that classic car insurance providers do not all charge the same premium for the same level of cover on a like for like basis. So, if you do bother to shop around it may be that you can get the cover cheaper elsewhere.

There are a number of ways you can shop around but one of the most popular ways is to use the services of one or more of the price comparison websites that you can find on the Internet. It is usually quick and simple to obtain competitive quotes and then arrange to go on risk and pay for your cover.