When you decide to become a stay at home parent the distance you drive and the use of your car can change quite drastically. So this year when I received my renewal quote from the RAC. I called them up to let them know of my change in circumstances. Only three changes were made.
- The mileage went down from around 25,000 a year to about 7,000 a year
- The car is no longer used for commuting
- My “job” title changed from clerical to stay at home parent.
After informing my insurance company of these changes the price fell from £588 to £280 a year. I don’t know which of these changes had the most effect on the huge drop, but I do know it was well worth it.
What I could have done differently
I could have used a comparison website such as Confused.com, however as I have had a recent claim it would have been more difficult to go through that process. I could also have looked at changing earlier in the year and getting a cheaper deal then, even if it meant paying a penalty for early cancellation of the existing policy, it could still have saved me money.
It is definitely worth checking changes to your car insurance premium when your driving habits change. Not only could it save you money, but if you don’t there is a chance that your car insurance will be invalidated when you try and make a claim.