Drivers getting £300 knocked off car insurance premium due to '23 day rule'

James Rodger
·2-min read

Drivers are realising they can "save hundreds" on car insurance after Martin Lewis advice. Motorists and road users across the country could make car insurance savings by changing how they renew this year, thanks to advice from BBC Sounds and ITV regular Mr Lewis.

TikTok influencer @shetalkscars shared the hack online revealing that changing a policy between 23 and 16 days was ideal. She said: “This is a car insurance hack I wish I knew years ago. Literally, this one little thing that costs you no money, just a bit of planning could literally save you hundreds off your car insurance for the year.

"I know because I’ve done it. It works. Get your car insurance between 23 and 26 days in advance, for some reason, this shows insurers that you're a safer driver. I don't know why that is anyway it makes your insurance cheaper.

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"That's all you need to know. Make sure you do this, it's going to change the game.” @shetalkscars then admitted that taking advantage of the tip had helped her save between £200 and £300 on a policy.

Mr Lewis previously said 23 days was the best time to sort an agreement for those unaware of the rule, telling his ITV show: “The perfect time to get car insurance is 23 days before your renewal. That’s not for your renewal quote, that’s for going onto comparisons to get different quotes.

“It seems absolutely ridiculous but insurance pricing is all about actuarial risk. And what their risk shows them is the type of people who get car insurance early are a lower risk so they give them a lower price." The Money Saving Expert founder went on and said: "You might pay nearly double if you wait until the last minute to get your car insurance.”

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