Drivers given tip for cheap car insurance as | Tech News

Drivers have been urged to count on financial savings after they renew their car insurance so long as they observe a easy tip when trying for their subsequent coverage.

As motorists throughout the nation brace for vehicle tax to rise, with some new electric fashions growing by £620 per yr, the average price of car insurance dropped by £164 in 12 months.

Rhydian Jones, motoring knowledgeable on the insurance comparability service Confused.com, urged that the discount is probably going due to the declining quantity of claims being made by drivers.

He defined: “We’re starting to see a consistent trend of prices decreasing, and this is great news for drivers! This could be because insurers are paying out fewer claims than before. Paying out on less claims means more savings to pass on to customers.

“But this doesn’t imply that costs received’t begin to increase again sooner or later, particularly if claims begin to increase. Staying on prime of your insurance is essential to getting the best price.”

According to Confused.com, the average cost of car insurance during March 2025 was £777 – a reduction of more than 21 percent over the space of a year.

Whilst motorists aged 18, who have not had the chance to build up a no-claims bonus (NCB), are still paying the most for cover at £2,434, they have also seen the biggest savings over the past year, with prices falling by £711.

In addition to factors such as the driver’s occupation, age, location, and vehicle they drive, insurance costs are largely based on how many other drivers are claiming and the price of repair bills and spare parts.

In order to get the best possible savings, Rhydian recommended that drivers must do one thing to make sure to give themselves plenty of time to find a good deal, looking to buy around three months before the current policy expires in order to get the best chance of a massive discount.

He advised: “You’ll usually see a higher price if you happen to store round at renewal time. Even in case your renewal price out of your insurer is cheaper than final yr, it’s seemingly there might be one other insurer on the market offering a higher price.

“Doing this ahead of time can save you even more too. Our data shows that if you shop around about three weeks before your policy is due to renew, you could benefit from the biggest savings. Leaving it too late, or simply accepting your insurer’s renewal price could mean you lose out on great savings.”