Car insurance hack to ‘save £164 on your invoice’ | Tech News
Drivers may slash their car insurance prices by up to 50% just by timing their buy appropriately, an skilled has stated.
Many drivers wait till the eleventh hour or rely on automated renewal notices from their insurers, thereby lacking out on more aggressive charges accessible elsewhere within the market.
However, industry consultants say that by understanding the optimum timing for acquiring quotes earlier than your coverage expires, it’s possible you’ll find a way to save a small fortune.
Lorna Macpherson, Motor Finance Expert at Ocean Finance, explains: “You’ll often get the best car insurance quotes around 26 days before your policy is due to start.
“Anywhere between 18 and 28 days works, however 26 days is the candy spot.
“For example, if your current policy ends at the end of March and your new one starts on the 1st April, the 6th March is prime day to get a quote. Sticking this date in your diary for 2026 could save you £164.
“Applying for car insurance on the final minute can generally value you more, as a result of insurers might price increased for insurance policies taken out nearer to the beginning date. Shifting your quote to round three to 4 weeks earlier than renewal may cut your premium by up to half.”
Lorna shares five ways to save even more on insurance.
1. Avoid auto-renewal: “It’s handy, however relying on it means you possibly can be lacking out on higher offers throughout the market.”
2. Pay annually: “This is not an option for everybody, however it may prevent critical money as month-to-month funds typically include curiosity fees.”
3. Use comparison tools: ” Checking a number of quotes in minutes helps you discover the best deal with out spending hours looking.”
4. Increase your voluntary excess: “The next extra normally lowers your premium however make sure it is inexpensive in case you need to declare.”
5. Limit optional extras: “Only pay for add-ons like breakdown cowl or legal help for those who actually need them. Don’t overpay for extras you will not use.”
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