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It would now seem that UK drivers are not being rewarded for their long-standing loyalty to car insurance providers. Many UK car insurers are being forced to implement sharp rises in premium costs, to combat the global recession and the increase of fraudulent car insurance claimants.

Renewal time is a difficult period for motorists, looking to find renewal quotes at the same price or cheaper if possible. However, there has been significant murmurings of discontent amongst consumers in recent months with loyal customers being stung by higher rates and misinterpreting 14-day cool off periods – as a result experiencing hefty charges to exit a contract.

With the release of the new ‘10’ car registration plates car renewals are currently at a heightened level. AA car insurance suggests that UK car insurance premiums are growing at an alarming rate – currently the most expensive fees in the last 16 years.

Quite often nowadays it pays to shop around and change your car insurance broker. Financial comparison website, moneysupermarket.com reveals that drivers are individually spending £180 more by sticking with their current provider – that’s a combined waste of up to £1.3 billion a year.

Their statistics showed that drivers aged 55 and above are more likely to remain with their car insurer for longer – an average of 3.5 years per broker – meaning that older, more experienced drivers are most at risk of being stung by their current provider.

Automatic renewals are common amongst most UK car insurance policies. If you do not contact your provider within 14 days of your insurance expiry date, many companies automatically bill you for an annual renewal.

You do not have to accept the first renewal quote you receive. Drive a hard bargain and discuss with your insurer over the telephone and ensure you have comparable quotes from rivals insurers to hand in order to drive the cost down to a mutually agreeable level.

CompareInsurers.com is managed by a team of car insurance professionals and car enthusiasts. Our aim is to enable you to find all the information you need to get a competitive UK car insurance quote. With over 50 UK car insurance providers, you can be sure of finding the quote and the information you need.