'All' drivers who've bought car insurance slapped with 'three week' warning

"All" drivers who buy car insurance have been urgently warned over when the best date is to secure premiums. Motorists up and down the country who are getting new quotes amid the Cost of Living crisis have bveen warned to act three weeks before the renewal date.

The insurance company Alan Boswell Group has shared a number of tips that can help motorists reduce the cost of covering their car. Heath Alexander Bew, car insurance expert at Alan Boswell Group, highlighted that the cost of cover depends on a wide variety of different factors.

He said: "The cost of car insurance greatly varies depending on a variety of different factors, so the price of your car insurance will be based on your personal circumstances. The most common factors impacting car insurance prices include the age of a driver, your location, what you use the car for, the number of drivers using the vehicle, the vehicle model and production year, yearly mileage and claims history."

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Drivers are urged to buy a policy around three weeks before their current cover is set to expire. Companies tend to offer the cheapest rates 23 days before renewal, with the average driver able to save more than £500 buying it then rather than on the day their cover expires, Money Supermarket found.

Heath advised: "You will typically receive a renewal quote from your existing provider approximately three weeks before your current policy ends. The renewal quote will highlight the price for the year ahead, and therefore it's very important to make note of this date if you want to shop around, with a lot of policies being on an auto-renew basis."

Other tips to slash the cost include adding a reputable named driver, or even two, which could save several hundred pounds, experts have said.