Car insurance renewal blunders to avoid in 2021

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Let’s make a pact right now to avoid car insurance renewal blunders in 2021. It’s easy to take a misstep when it comes to renewal time, but this year that won’t be you. 

To help make sure nothing goes awry, we’ve come up with a list of common car insurance renewal blunders to steer clear of.

1. Not asking for discounts!

Blunder number one to avoid is forgetting discounts. If you’ve been with your insurance company for a number of years, by all means call them up at renewal time and ask for a loyalty discount. Or if you’re in the process of switching, don’t forget that plenty of insurance providers offer discounts for signing up to a policy online. 

2. Letting details lapse

The second thing to avoid is letting your personal details lapse. If your living situation has changed since you last renewed your policy, you will have to let your insurance provider know. This means keeping your insurance company up to date on important things such as if you move home, get married or even if you start driving your car less.

Big changes like moving to a neighbourhood with a lower crime rate, could actually reduce your premium. So be sure not to forget to tell your insurance company about these things come renewal time.

3. Not reviewing add-ons

Not taking stock of what you’re actually paying for could leave you seriously out of pocket. Renewal time is a great opportunity to review your policy and make sure that it’s all still relevant to your situation. You might even find that there are some optional extras that you don’t have that might actually benefit you.

4. Forgetting to renew on time

If you let your policy lapse and don’t renew it on time, you could be left in a situation where you don’t have any insurance. As it is illegal to drive in Australia without compulsory third party insurance at least, you could find yourself in a lot of trouble.

The good news is insurance companies have to send you a renewal notice at least 14 days before your policy expires. In fact, most do so a month beforehand. So once you get a letter from your provider in the mail, be sure to get on it or at least put a reminder in your calendar. 

5. Not shopping around

Last but certainly not least, not shopping around when it comes to choosing a policy is a serious blunder to avoid. Everyone’s situation is unique, so when it comes to car insurance, no one policy fits all. Shopping around and comparing multiple policies, is a great way to make sure that you find an insurance plan that works best for you.

You can start your search at Mozo’s compare car insurance page. There you’ll find a list of comprehensive car insurance policies on offer in Australia right now. You can view a snapshot of the policy or click through to a more thorough review.

Or if you’re keen to get started straight away, have a gander at the policies below. Here’s to a smooth and savvy car insurance renewal in 2021!

Compare comprehensive car insurance - rates updated daily

Search promoted car insurance below. Advertiser disclosure. Important information on terms, conditions and sub-limits.
  • Gold Comprehensive Car Insurance

    Monthly premiums
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    Yes Costs Extra
    Choice of repairer
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    Optional Extra
    Choice of excess
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    $500 - $1,850
    Agreed or market value
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    Agreed Or Market

    Available discounts

    • Online Discount Up To 15%
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    Details
  • Comprehensive Car Insurance

    Monthly premiums
    Calendar icon
    Yes Costs Extra
    Choice of repairer
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    Optional Extra
    Choice of excess
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    $300 - $2,550
    Agreed or market value
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    Agreed Or Market

    Available discounts

    • Online Discount $75
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  • Comprehensive Car Insurance

    Monthly premiums
    Calendar icon
    Yes
    Choice of repairer
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    No
    Choice of excess
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    $500 - $5,000
    Agreed or market value
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    Agreed Or Market

    Available discounts

    • Pay As You Drive Cover With Pricing Tiers Available For Limited Kms.
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  • Comprehensive Car Insurance

    Monthly premiums
    Calendar icon
    Yes Costs Extra
    Choice of repairer
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    Optional Extra
    Choice of excess
    coins icon
    $400 - $1,850 (varies By State)
    Agreed or market value
    Car coin icon
    Agreed Or Market

    Available discounts

    • No Claim Discount
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    Details
  • Comprehensive Car Insurance

    Monthly premiums
    Calendar icon
    Yes Costs Extra
    Choice of repairer
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    No
    Choice of excess
    coins icon
    $800 - $2,000
    Agreed or market value
    Car coin icon
    Agreed

    Available discounts

    • No Claim Discount
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    Details

*Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement on the provider's website for further information before making any decisions about an insurance product.

Any information provided on this page should be considered a summary and general advice only. All information should be verified before purchase via the relevant Product Disclosure Statement (PDS).

^See information about the Mozo Experts Choice Car Insurance Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

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