A Car Insurance Endorsement Could Save You Money

This driver is saving money by updating her policy with a car insurance endorsement.

Did you know a car insurance endorsement could save you money? What’s more, many people believe they can only make insurance endorsements at policy renewal time. Or when they change insurance companies. Thankfully, this is incorrect – you can do so at any time.

At PD Insurance, we complete insurance endorsements every day because we want your insurance policy to be the perfect fit for you. And we don’t want you paying any more for car insurance than you need to.

What is an insurance endorsement?

An insurance endorsement is a change you make to your existing insurance policy because your motoring or life circumstances have changed. For instance, you’ll update your policy when you move to a new house because you’ll be parking somewhere new. Or, when you hit a no claims milestone.

Or, you might be removing a listed driver because you’ll now be the only driver of your car. Which means you’ll be eligible for our Exclusive Driver discount, bringing down the cost of your car insurance. In fact, you’ll be happy to know there are 7 financial perks of being the only driver of your car.

Changes to your car insurance policy

When you take out your first car insurance policy with an insurer, you’ll fill in the details of your living and motoring situation at the time. This way you’re able to get well-suited, (hopefully) well-priced cover from that insurer.

Then life happens. Things change. And your personal circumstances usually don’t change at the same time as your insurance policy is ready for renewal.

What a lot of people do is wait until their renewal period to update their policy with these changes. Think twice about this. If you update the insurer as your situation evolves you’ll help ensure you have adequate insurance protection.

And – importantly – you could also end up saving money on your premium. Any change to your circumstances is likely to affect the insurance premium calculation at the insurer’s end. Hopefully for the positive!

If your premium does drop, with any good car insurance provider this will result in a returned premium. Aka dollars back into your bank account.

Find out what other milestones you should notify your insurer about with these 5 tips for your car insurance renewal.

This couple has just moved house, so they will update their car insurer with their new information - which is also known as an insurance endorsement.

When can you make an insurance endorsement?

You can make an insurance endorsement at any time. You can make it just after you first purchase your policy, when you renew it, or anywhere in between. Once done, it’s a legal amendment to your insurance contract. You might receive a whole new contract or simply some additional documents to keep with your original contract that only replace portions of it.

Know that any endorsement you make will carry through to your new insurance period, unless your insurer declares it has a stipulated timeframe.

Bonus: if you’re updating your insurer along the way there’s no need to get in contact with them at renewal. Just let your car insurance roll over – one less task to tick off in the hustle and bustle of life.

Your car insurance policy

Did you know that when you purchase a PD comprehensive car insurance policy, you don’t just get accident and third party liability cover. You enjoy several additional benefits including windscreen repair (not replacement), key replacement and towing, for covered circumstances. Plus, there’s a range of optional extras to choose from. See our PDS for the finer details.

And if you’re with another insurer and obtain a PD Insurance quote before your current policy expires, you’ll get our early shopper discount. This and our other awesome discounts apply to all our plans – comprehensive car insurance, third party fire and theft, and third party property damage.

Over to you – Insurance endorsement

If you’re constantly wondering how to save money on your car insurance, an insurance endorsement could be one of them. Let us know if you found this article helpful and share your experience of getting an insurance endorsement in the comments.

How would you, like to proceed?

How would you, like to proceed?