GETTYMartin Lewis has revealed how to slash the cost of your car insurance
Finding the right car insurance deal can be an arduous task, particularly when it leaves you out of pocket.
But Martin Lewis, 45, appeared on ITV’s This Morning and revealed ten points which will help bring down the cost of your car insurance.
1. To find the cheapest price at speed combine comparison sites then add those they miss.
There's no one cheapest insurer, as prices are set individually. So the aim's to check as many quotes as possible. Comparison sites do that, but they don't all cover the same insurers.
Use two or three of the biggies: moneysupermarket.com, gocompare.com, confused.com and comparethemarket.com.
b) A couple of the big insurers like www.DirectLine.com and Aviva.co.uk aren’t on them. Yet they can be competitive, especially if you've no convictions and a clean licence, so check these separately. Also there can be special promo deals not included - there’s a list at mse.me/insurancedeals
And always check that the policy has the right level of cover for you.Related articles
GETTYMartin Lewis: Car insurance deals can leave you out of pocket
To find the cheapest price at speed combine comparison sites then add those they miss.
2. Not at renewal? What you can do. If the predictions are correct and prices keep moving up, today's prices will soon look cheap. Plus many are overpaying already, especially those who just auto-renew each year.
Renewal within 60 days? Some firms such as Aviva.co.uk, www.LV.com and www.Nationwide.co.uk give quotes valid for 60 days so get one now, then check against quotes at renewal time. As @dimuthuj7 tweeted: “@MartinSLewis Renewal £521. Quote a month ago, which was honoured, of £319. Thanks."
Midway through a policy? Many wrongly think you can only switch at renewal, but you can do it at any stage. Check if you can get a cheaper policy now. If so, provided you've not claimed, for a £50ish admin fee (factor that in), you can usually cancel and get the rest of the year refunded.
3. Check multi-car policies if you've more than one car in the home. A few insurers offer special discounts if you have more than one car in the home – but comparison sites can’t include these deals, so do it manually.