Changing the name, address or job title on your car insurance policy seems straightforward enough, but you’ll often find that there can be a fairly hefty admin fee attached to making such a simple change and it amounts to about £592,969,306 from drivers each year.
Choosemycar analysed the terms and conditions of over 80 of the UK’s car insurance providers to see how much they charge to make small changes to your policy information. It found 24 companies made no charge at all.
While we found that the majority of insurance providers we looked at (28%) actually didn’t charge anything to make changes to your policy, but of the 86 providers that we looked at, the average cost to change details on your car insurance policy came out as £22.50.
However, not all providers charge a flat admin fee. We found 11 providers that charge a different amount depending on exactly what it is that you’re changing.
For example, one of the providers allows you to change personal details such as your name, occupation and marital status for free but can charge as much as £35 for a change of address.
It’s important to remember that on top of these admin fees, you’ll often also have an increase on your premium to pay as well!
While the average amendment fee across all providers was £22.50, many providers charged much higher to make amendments.
The most expensive adjustment fee that we found was £70.50, although the provider in question vaguely stated that a change to your policy could cost anything from £17.50 to £70.50, without providing further details on exactly what would incur which charges.
However, some of the other insurance companies had flat charges of as much as £65 for making mid-term alterations to your policy, including basic things such as a change of address.