Martin Lewis shares simple car insurance trick which saved one man £1,000

Martin Lewis shares simple car insurance trick which saved one man £1,000

08/08/2019

When it comes to car insurance, firms decide on a price ahead of the renewal date and in some cases could get it wrong.

Previously, Martin Lewis’ website MoneySavingExpert tested more than 18 million quotes to find the best prices.

And the 47-year-old found that the best time to renew car insurance was 21 days before the policy runs out.

He wrote in his weekly newsletter: “We’ve been inundated with successes since [revealing the results].”

“We’ve been inundated with successes since [revealing the results]”

Martin Lewis

Martin pointed to a man named Simon, who told them he “saved £1,000+” and another reader – Cam – saved £960 a year.

Simon praised the Money Saving Expert on Twitter, writing: “Got a quote 21 days before renewal and saved £1,000+. Thank you.”

While Cam added: “Took your 21-day advice. Was paying £148/month, now £68/month, saving £960/year.”

3. Check hot deals comparisons miss, including £55 M&S voucher

According to Martin, some deals aren’t on comparisons, like Age Co offers a £55 M&S voucher, while Co-op has a £50 food voucher.

4. Check your details

It’s worth considering a mid-policy switch to save money or seeing if comprehensive cover is cheaper than 3rd party.

See if adding extra drivers can save cash and if they’re a lower risk, it can bring the cost down.

  • Martin Lewis

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