How to change your car insurance policy

Let me quickly say here that if you change your name, address or occupation your insurer and the DVLA need to be informed. Otherwise, your insurance policy could be invalidated or even face a fine.
How to change your car insurance policy
This post is set to show you how you can change your car insurance policy at any given time. So if you're in search of a guide on how you can go about this process, we recommend this post for you and your friends.

We've included some important links in the later part of this article which we believe will be of help to you. So don't just stop reading this post half-way. Do ensure you read it to the end.

When do you need to update your driving documents? 
Recently, a guy asked me: when do one need to update his/her driving document? Well, here're what we came up with after a mini-reseach work we embarked upon; to keep your records up to date, insurers and the DVLA need to know about various changes in circumstances. Some of these changes could affect your premiums, and may lead to a fine if they’re not amended.

Insurers also need to know about anything that alters the value or performance of the car. If you’re pimping out your ride with new wheels or upgrading your engine for something more flash, your insurers will need to know.

Read: Auto Insurance
But if all you’re doing is changing the seats or swapping out the car mats, you don’t need to let your insurer know. Some changes you might make are:
- your marital status where your name also changes
- change of address or where the car is kept overnight
- change of the main driver
- adding an additional driver
- change of jobs for a main or named driver, or the way the car is used – for example if you start commuting with it
- planning a trip to Europe and needing to extend your cover for a short period
- change of car itself
- any modifications to the vehicle
- any incidents, even if you decide not to make a claim
- any driving convictions In short, anything that might affect your car policy should be reported to the insurer.

And the DVLA should be informed of any changes made to your personal details. If you’re not sure, it’s best to err on the side of caution and let them know.

If it’s relevant and you don’t inform them, you could risk driving without proper cover.

What other driving documents do I need to update when my circumstances change?
If you need to make a change to your policy, call your insurer. They’ll be able to tell you whether your policy needs to be amended and how much it'll cost.

The standard amendment fee is usually set out in your policy’s T&Cs. The fee varies by insurer, but it’s usually in the range of £15 and £30. You might also see an increase in premium, depending on how big the changes you made are. The DVLA may charge you for some of the changes that you make.

Changing your name 
If you decide to change your name by deed poll, you’ll need to update your driving licence. To do this you’ll need to send your old licence, the deed poll document, and a D1 form to the DVLA. The D1 form can be requested from the DVLA website or picked up from most post offices.

There shouldn’t be a charge for this amendment. But if you fail to update this information you could face a £100 fine. Your insurer will need to know about this too.

Marital status 
For your driving licence, the same process applies when your title changes. But instead of a deed poll document you should send your wedding certificate.

Again, amending this shouldn’t cost you anything. The reason you need to let your insurer know is so communication between your insurer, yourself and the DVLA remains up to date. The name on your insurance certificate should match the name on your driver’s licence.

Gender 
If you change your gender, you should let your insurer know. But this shouldn’t affect your premiums. You also need to inform the DVLA if you change your gender as this could also mean a change of name or photo.

This can be done through the government website. You may not see it at first, but the driving licence does have a subtle marker to indicate a driver’s gender.

Your driving licence number is the first five letters of your surname followed by your date of birth – presented in the unusual format of YMMDDY

So a male driver born on 23 February 1985 would have the number DRIVE802235.

A female driver with the same surname and date of birth would be DRIVE812235.

If the second number in that driver ID is 0 or 1, the driver is deemed to be male. If it’s a 5 or 6, the driver is deemed to be female. As is the case with passports, there’s currently no gender-neutral or intersex designation on driving licences.

Address
You need to notify the DVLA if your address changes. If you don't you may end up with a hefty £1,000 fine. If your car is kept at this new address then you will also need to update your V5C logbook.

Read: How to find cheap car insurance for students online

You need to let your insurer know about a change of address too as different areas have different levels of risk. It also ensures that correspondence remains up to date.
 
Occupation 
You must let your insurer know if you have changed your occupation. Some jobs have higher levels of risk than others, and these statistics are stored on insurance databases. For example, someone with a high mileage would statistically be more likely to be in an accident than someone who doesn’t use their car for work.

As they’re on the road for longer, there road risk is greater. If you fail to let your insurer know about your change in occupation, your insurance could be invalid, and a charge could be incurred. However, you don’t need to tell the DVLA about a change of occupation.
 
Is cancellation a better option? 
In some cases, the cost of cover could increase dramatically if you’re amending your policy - for example, if you add a young, inexperienced driver to your policy. It could then be possible to save money by cancelling your cover, comparing car insurance policies and switching to an insurer which charges lower rates for young drivers.

The cost of cancelling a policy is usually much higher than making an amendment. Most companies will charge around £50 cancellation fee after the cooling-off period, usually 14 days.

Post a comment

1 Comments

  1. I am continuously looking online for tips that
    can aid me. Thanks!

    ReplyDelete

Hi! There, thank you for reading this article it's a great pleasure having you around.

Was this article helpful?

If yes, please don't hesitate to share it with your friends via the social media buttons above.

Okay...don't leave yet!

Congratulations, you have the opportunity to be the first commenter.
Have a question or suggestion? Please leave a comment to start the discussion.

Thanks a million!!!