Man shares clever trick to save £2,000 on his car insurance – Liverpool Echo

Man shares clever trick to save £2,000 on his car insurance - Liverpool Echo


Money Saving Expert has revealed how you could save thousands of pounds on your car insurance.

Earlier this year, the cost-cutting website warned of changes to car and home insurance rules set to come in in January, that will likely see newbies pay more.

One man got in touch to let the team know their tips had saved him more than £2,000.

READ MORE:Martin Lewis reveals how you can get up to £130 payment for free before Christmas

The man, who only gave a first name, Mitchell, said: “Followed your tips by checking 23 days before. You won’t believe it, I saved over £2,000 with Direct Line versus my renewal price and comparison site quotes. Thank you.”

While most people aren’t paying this much for insurance, let alone able to save this much, many will be able to save as much as a few hundred pounds.

Here are Money Saving Expert’s step-by-step tips to see if you could save:

Get quotes 23 days before your renewal is due

Money Saving Expert analysis showed this to be the optimal time to check, any later could see prices as much as double.

Combine comparisons to scour 100s of insurers in minutes – even if not at renewal

Comparison sites are technically insurance marketplaces, as insurers are allowed to, and sometimes do, offer cheaper prices on individual sites than they charge direct.

Drivers could save as much as few hundred pounds

Drivers could save as much as few hundred pounds

So it’s not just that different sites cover different firms, but that different sites can have different prices for the same insurer.

Use at least two comparison sites – and more if you have time.

Check if deals not on comparison sites are better

Direct Line, for example, isn’t listed on comparisons, and it can be competitive for some, as Mitchell found.

Tips and tricks that can really up your savings:

– Use trial and error to see if comprehensive cover is cheaper than third party.

– See if legitimately tweaking your job description gets you a cheaper quote.

– Add a responsible additional driver to see if it cuts costs (even if they’ll only drive occasionally).

– More than one car? See if a multi-car policy is cheaper.

– After you’ve found your cheapest quote, try to haggle a bigger discount with your existing insurer.

Check if cashback sites can beat your top quote

Topcashback gives £42 when you buy through its comparison, and Quidco gives £40.

But it’s also worth checking if you can up that amount by going direct to the insurer through Topcashback and Quidco’s normal sites – here you can sometimes get up to £70 per policy, but check the policy price is the same.

Always check the policy is right for you

And complain if a claim’s unfairly rejected.

As with any insurance, check the policy details and that insurers are regulated by the Financial Conduct Authority before you buy.

If a claim is unfairly rejected, complain, then take your insurer to the free Financial Ombudsman.

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