Drivers who follow 21-day rule can get £534 knocked off car insurance
Drivers who follow a 21-day rule could see nearly £600 knocked off their car insurance. 21 days before your current policy expires is the “sweet spot” for lowest quotes but this is just an average - you could still find the lowest prices around this key day as well.
A spokesperson from Number 1 Plates said: “Too many drivers overpay for car insurance without realising it. By buying early and paying annually, you can save hundreds of pounds. These small adjustments make a huge difference, and it’s something every motorist should take seriously.
“Don’t let these avoidable mistakes drain your wallet. Take control of your car insurance today, and you could save up to £534 a year. That’s money better spent on upgrades, repairs, or even a holiday.” Car insurance generally gets more expensive the closer you get to your renewal as you're deemed more of a risky driver to insurance firms.
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"We've been inundated with successes since [revealing the results]," Martin Lewis said previously. Martin pointed to a man named Simon, who told them he "saved £1,000+", another reader - Cam - said they saved £960 a year.
Splitting your bill into monthly payments should be avoided at all costs.That's because while a few providers are kind, other's treat split payments as a loan - with up to 30% APR. We've seen cases where people can knock £200 off their policy by paying up front and spreading the cost with a loan, interest-free from either a friend or family member or a 0% card if you have a good credit rating.
When your insurance quote asks you how many miles you do a year, don’t just guess at 10,000. Many of us actually drive fewer miles than we think, and the less you drive, the lower your premium will be. But always strive to be accurate – don’t underestimate your mileage or you could invalidate the policy. And there's a second reason to go big too - with some insurers found charging people more for driving less.
And new technology can result in big savings. A telematics policy involves having a tracking device fitted to your car which sends information back to the insurer about how the car is being driven. Telematics policies can help young drivers accumulate no claim discounts more quickly as they can show they are safe drivers from day one. Some insurers will give you discounts of more than 10% off for a dashcam too.