Why is my price different from my previous renewal notice?

Each insurer or takaful operator has its own pricing model, underwriting rules and risk appetite. The same vehicle can receive different premiums from different providers.

The final price can be affected by:

• Vehicle make, model, age and insured value
• Registered owner and driver information
• No-Claim Discount
• Coverage type and sum insured
• Additional protection or add-ons
• Applicable tax and charges
• Current provider rates and eligibility rules

A renewal notice usually comes from the current insurer and reflects that insurer's own offer. BJAK displays available quotations from its panel, which may include other providers with different pricing and coverage.

Compare the coverage and policy terms, not only the premium. A lower quotation may have a different excess, sum insured, add-on coverage or benefit level. If you are weighing agreed value versus market value cover, or wondering why the number moved, these help: how renewing late affects your NCD and roadtax and how to check your NCD.

Check the vehicle details, owner information, No-Claim Discount, sum insured and selected add-ons. Contact BJAK if the information does not match your records.