Don't be too keen, and don't leave it to late. We're of course talking about car insurance quotes. Financial journalist Martin Lewis and his website Money Saving Expert have found the sweet spot you need to get that all-important car insurance quote. The website has carried out a major investigation to find the right time to buy. The site has analysed more than 18 million quotes from January to May after requesting the data from three of the biggest price comparison websites – Confused.com , Compare The Market and MoneySupermarket . They found that the cheapest time to buy a policy is 21 days before the start date. They found it was an average of £589 to £531 cheaper compared to buying it 30 days in advance, the earliest you can usually get a quote on comparison sites. And leaving it late could cost you too - buying on the day the cover starts is £567 more expensive on average that three weeks early. MoneySavingExpert.com founder Martin Lewis said: "Car insurance … [Read more...] about This is the best time to get a car insurance quote
Best car insurance quote
Here’s our top five tips for ensuring you get the best car insurance deal — plus win £15,000 in our raffle
CHECKING just one price comparison site is not enough to keep your car cover costs down. Michael Foote, founder of comparison site Quote Goat, says each has its own deals with insurers, meaning price differences. Some comparison sites are partly owned by insurance companies themselves. Research from Channel 4’s Supershoppers found the same policy from one insurer was £300 cheaper on the comparison site it owned compared with another. Here are Michael’s tips to improve your chances of getting the best car insurance deal. GET A DASH CAM AND TELL YOUR INSURER. Tech can help lower costs. Many of the comparison sites do not have an option to quote with a dash cam, so ask if your quote would be cheaper with one fitted. Good dash cams are available for around £49.99 but you could save up to 20 per cent of the cost of your cover. GET A BLACK BOX POLICY. These can often help lower insurance costs by rewarding good driving. Many of the policies are not as intrusive as you … [Read more...] about Here’s our top five tips for ensuring you get the best car insurance deal — plus win £15,000 in our raffle
Car insurance falls in a win for drivers but ‘it’s still at an all time high’
The average price paid for motor insurance has recorded its first quarterly fall in two years, according to insurers. Despite the drop, average costs during the first quarter of 2018 were the highest that the Association of British Insurers (ABI) has ever seen at this time of year. The ABI's latest Motor Insurance Premium Tracker found the average price paid for private comprehensive motor insurance was £478, down £13 on the final quarter of 2017, as well as being the first quarterly fall in premiums in two years. The index, which started in 2012, measures prices consumers pay for their motor insurance, rather than quotes. The ABI said £478 is the highest average premium it has recorded for the first quarter of any year. It marks a £14 increase on the same quarter last year. Read More The tricks to cheaper car insurance How are prices falling exactly? The ABI said the price of motor insurance is subject to seasonal trends and average motor insurance premiums can … [Read more...] about Car insurance falls in a win for drivers but ‘it’s still at an all time high’
How to save £100s on your car insurance
Drivers have been hit with accelerating car insurance prices as the cost ramps up by £118 in a year. But, thankfully, help is at hand in the form of MoneySavingExpert Martin Lewis, the finance guru who has revealed tricks and tips to get a cheaper insurance package. Car insurance has now reached £1,033, just £16 less than the most expensive car insurance premium drivers have ever paid, on average. This is according to the latest Confused.com car insurance price index, which says insurance prices are expected to hit the highest levels on record across the UK by 2018. But as Birmingham Live reports , it seems drivers have had a brief respite from rising motoring costs as premiums steady over the past quarter. Premiums have decreased by two per cent in three months, as insurers recover from the Ogden rate cut earlier this year. Despite this brief period of stability, the average cost of car insurance in the UK is still £100 more expensive than a year ago, after … [Read more...] about How to save £100s on your car insurance
The easy way to save up to £278 on your car insurance that millions ignore every year
MILLIONS of Brits are making a simple mistake when it comes to their car insurance, costing them up to £278 each year. Motorists that fall into the trap of automatically renewing their insurance policy or staying with the same provider can end up paying more than they would if they shopped around. According to research conducted by MoneySuperMarket, over 60 per cent of drivers will stick with their current policy holder because they had the cheapest price the previous year. But the move ends up contributing to a total £652.5million that Brits waste for failing to check out other providers. The study found that motorists who let their policy automatically renew saw their premiums rise by £50 on average - but that figure could be as much as £278. If drivers shop around when it comes time to renew their policy, they could see maximum savings of close to £280. Top reasons for motorists auto-renewing their car insurance rather than changing providers Happy with the … [Read more...] about The easy way to save up to £278 on your car insurance that millions ignore every year