Martin Lewis issues major warning to thousands of | Tech News
Martin Lewis has issued a major car insurance coverage warning, with each petrol diesel and electric car proprietor set to be impacted this March. The Money Saving Expert founder admitted March was the “second-busiest” month for car insurance coverage renewals, with many highway customers set to swap their insurance policies.
With drivers coming to settle for that car insurance coverage costs normally rise yearly, highway customers could also be fast to settle for a related renewal unaware they may make financial savings. The finance guru defined that prices are literally down 11% on this time final 12 months, which means prospects must be asking for money off.
Writing in his weekly Money Saving Expert e-mail, Martin mentioned: “Don’t accept a ‘same price’ car insurance renewal, most should be lower.
“March is the second-busiest car insurance month, so many are renewing. But be aware average car cover costs are down 11% on last year. So if nowt’s changed and your renewal isn’t cheaper, don’t accept it… put yourself in the driver’s seat and use our Compare+ Car Insurance tool, which guides you through every trick in our book.”
The tip has already labored for one highway consumer, with Anne securing over £320 off her annual car insurance coverage invoice by dialing up her insurance coverage firm.
Writing into Martin, Anne mentioned: “My renewal quote was £820. Last year it was £595 for the same car. I phoned my insurer and the best it could offer was a £100 reduction. So I used your Compare+ tool and got the same cover with Aviva for £497! A saving of £323, thank you so much.”
Data from Confused.com has revealed that complete car insurance coverage premiums have fallen by as a lot as 13% during the final 12 months. According to the figures, prices have been down by round £11, with UK motorists now paying £726 on average to get behind the wheel.
Confused.com statistics show that premiums for motorists underneath 25s have seen the largest decline, with charges down 16% on average year-on-year.
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