A Martin Lewis fan has explained exactly how they were able to knock down their car insurance from £1,500 to just £650. The MoneySavingExpert.com reader, who is known only by Krishna, said that she was successful in saving £850 by carefully comparing prices 21 days before, via the MSE car insurance Compare+ tool.
This, in essence, is a comparison site which asks questions about your vehicle for find you the cheapest quote. Martin's website suggests that punters compare 20 to 26 days before their renewal date to snag the best savings on their car insurance.
Krishna, explained: "I read lots of MSE testimonials saying how people halved their car insurance [using our Compare+ tool]. I was a non-believer until my quote went down from £1,500 a month before my insurance expired to an unbelievable £650 21 days before expiry."
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The Mirror reports that car insurance is a legal requirement for all UK road users, and has to be renewed annually. The three main types are; third party, fire and theft, and fully comprehensive.
When the time comes to look for quotes, you should always use a price comparison site like Go Compare, Confused or Compare the Market to find the best deal. It could also be worthwhile checking with providers directly - as not all prices appear on the aforementioned sites.
One of the most notable which fails to appear is Direct Line.
After you've found the best deal elsewhere, it's worth calling up your current provider to see if they can match or beat the price you've found. You can also compare and haggle the price of your home insurance if you're looking to make savings elsewhere.
Home insurance covers you should something bad happen, like a fire, burglary or storm damage. The three main types are buildings insurance, contents cover and a combination of both. Martin Lewis' site says that 21 days before expiry is the best time to bag a bargain.
Should you end up taking out a new insurance policy, it might be worthwhile checking if you're eligible for cashback through a site like Topcashback and Quidco.
