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Martin Lewis: "NEVER auto-renew – always check if you can get cheaper car insurance elsewhere. Our Car Insurance Compare+ tool does this for you, plus gives many other tips on how you can make further savings – for example, it's usually cheapest to renew around 23 days before your renewal date , and (legally) tweaking your job title can ...
Cheap car insurance renewal tricks. Here are our top tips and tricks to find the cheapest cover. 1. NEVER auto-renew. Insurers can't charge existing customers more than newbies, but most can still save by switching. 2. The best time to get car insurance quotes is 20 to 27 days before you need the policy to start. 3.
Matthew: 'I went online and saved over £450' Appearing on the Martin Lewis Money Show (28 January), Matthew (pictured right) from Blackpool in Lancashire explained that he'd saved £450 on his car insurance by following Martin's tips. It came at a really important time, as he was on furlough during the first coronavirus lockdown last year.
Cheapest car insurance prices since 2014 - many can save large NOW even if not at renewal. In a rare bit of good news, car insurance is at a seven-year low at an average £420/yr (£160 less than at its height). Part of the drop, according to the source, MoneySupermarket, is that fewer people driving in lockdown has meant fewer claims.
Drivers under 25 have always faced huge car insurance bills due to the higher risk of being in (or causing) an accident. The cost of cover has rocketed by 46% and the average premium for under 25s is now more than £2,000/yr. Yet never assume your renewal is the best deal. Many save £100s following our tried-and-tested cost-cutting tips.
Save money on insurance with Martin Lewis & MoneySavingExpert's guides on car insurance, home insurance, pet insurance and more.
Just making small (legal) tweaks to your job title can cut your car insurance costs. Use this tool as a rough guide, then double check with your insurer. Important. Make sure your new title accurately describes what you do. See our Cheap Car Insurance guide for more tips, tricks and system to follow. MSE user Chris tried it: "Saved £100 by ...
Editor. 10 November 2023. You could HALVE the cost of your car and home insurance just by getting renewal quotes on the right day. MoneySavingExpert.com founder Martin Lewis shared the tip and explained why it works on ITV's The Martin Lewis Money Show Live. KEY TOOL: Use our Compare+ tool to speedily check for the best car insurance deals.
Step 3: Check separate policies using comparison sites. Sometimes it will work out cheaper to get individual policies for each car, rather than linking them. As no single comparison site captures the entire market and prices vary, combining a number of sites is the best way to make a saving.
Car insurance will usually be cheapest if you get it 26 days before you start your policy. So if you are able to plan in advance, this could be very lucrative for you. MoneySavingExpert founder Martin Lewis explains how it works below.