Description: This passage is mainly about car insurance quotes. In this passage, the writer shows us his tips and tricks for cheaper car insurance, which can help people to save a huge amount of money.
Martin Lewis is here now to share his top tips and any reckons, is there a possibility that you can save hundreds of dollars? There’s a important reason for doing this, the AAA has shown that the car insurance has gone up by 16 percent over the last year massively more than inflation, and they can’t see a reason why that isn’t going to stop.
So that’s 82 quit on the typical car insurance policy, you’re going to get a shot when you come to renewal, and renewal is a great thing, Auto renewal is occasionally, your existing car insurance company will be cheaper, generally it never accepts their price but there is an advantage, one of the things to understand car insurance is that your price is fixed for a year by definition.
You get it for a year, so that’s the price that you pay, so the earlier you do it in a price rise environment, the lower the price you lock-in at, so I’m making the point today, it’s sure that you shouldn’t be thinking mind renewals which are not for six months, I’m not interested in what it is going to say, I’ll do it.
Then everybody now should be checking their price to see if you can do it cheaper, whether you’re at renewal or not, because even if you’re not at renewal, you can’t change, so let’s go through three scenarios if you’re at renewal.
Now I’m going to come on in a minute two tips of how to cut the cost, if your renewal is within the next sixty days, there are a number of insurers, when you get a quote, that quote is locked in for 60 days, so you get a quote now, then your renewal comes in 60 days, if you’ve got that quote, now it is cheaper than your renewal quote or the other cheapest ones at the time when you’ve locked in earlier.
So in a price rise environment, that’s good, I’ll give you an example, the renewal is 521 pounds quote, a month ago it was 319 pounds, they honor it, thank you very much for suggesting locking in, so get a quote now even if you’re not going to do it for two months, if you’re midway through your policy, this is the score as long as you haven’t claimed.
In the year you can cancel your existing policy, you can get a pro rata refund for the rest of the year, they’ll normally charge you a fifty-pound admin fee, you don’t earn that bonus, but if you’re saving a lot of money and you’re locking in at a cheaper price, it can be worth it, I have suggested someone do this who has done Muzzy Malone.
I have my car insurance save 543 pounds by changing mid, it is a huge amount, and then they are locked in so that price isn’t going to go up now for a year and we’re in a price rise environment, this is why I’m saying that do not switch and check, there are other ways that you can do, so this is how you find the cheapest price.
The first thing is that I won’t go through in detail combined comparision sites, don’t use one, they don’t all search the same companies comparison sites, do a good job if you’ve got normal circumstances, use two or three, open them in multiple windows and put your details, it is simple as that.
Then especially if you’ve got a clean record and you’ve not had any driving convictions, and you’ve not had any accidents rather as well, direct line and Aviva can be very competitive and they are not included by comparison sites, they don’t allow themselves to be on there, so add them into.
I get lots of people who say to me that I am not going to check them, I am going to use a site, I have checked those and they are cheaper for me, and then check that the policies suitable, then we get onto the clever stuff that we’re talking about, look at car policy, I’ve got nine tips for you, let’s see how many I can get, are you ready?
First of all, multi-car policies are quite simple, if you’ve got more than one car in the house and you’re all living together, a multi-car policy may be cheaper, it also may be a lot more expensive, comparison sites do not include multi-car, you have to do it manually, the big one is Admiral multi-car.
But Churchill direct line and privilege all give you discounts for multi-car, so if you’ve got more than one car, check stand alone, check them separately, it is going to be about an hour to get a good price and then check them by having them wrapped into one policy where you get a discount, and if you’re with a multi-car policy, don’t assume that it’s the cheapest.
Check stand alone at each renewal because they tend to put the prices up as they go, next comprehensive may be cheaper than third party, how does that work? You will expect comprehensive to be more expensive because it’s a more inclusion policy, but here’s the point, insurance pricing is all about actuarial risk and what type of risk you are.
The mere fact that you select comprehensive can change the risk category that they’re assessing you to be, and that can lower your price by more than the increase, because it’s a full of policy, it doesn’t always work, but you don’t assume that third parties are the cheapest, next counter logical adding an extra driver can cut your cost, because it’s about risk averages.
If you’re up here and there, you never put them as the first driver that will be fronting, if it’s your car, your first driver is illegal, but what you can add is good for younger drivers, add your mother, father, your grandmother or someone with a good record, older drivers tend to be better than no sex discrimination, so it’s about ages these days.
That can bring the average down, a quote is not always about parent either, a woman has got in touch me to say that she is charged 500 pounds, she has added her husband, he’s got to clean a record, then my price comes down to two nine eight, I am not saying that call yourself the Prime Minister when you’re a pole dancer.
What I’m saying is legitimate tweet, I know that you’re thinking about that don’t dwell too long, it’s not a nice image that works, so the point here are legitimate things, you can change your job title to base, after I have suggested this, one man who is a count local council worker changes it to clerical civil servant, exactly the same thing is his job description, it’s a perfectly legitimate job change secretary.
If you both check which is cheaper, in his case he has dropped five hundred pounds by changing job description, that’s a huge amount, absolutely it doesn’t always work on that and it’s trial, and it takes a bit of work to get that, you can’t obviously deceive, you can’t tell a lie, it has to be something that a reasonable person will legitimately say your job title.
Don’t pay monthly, that’s a loan, it can be up to a ninety three percent interest rate, if you have to, if they check that the interest rate is the APR, if you have to put it on, the zero percent credit card is better or pay upfront is even better at all, a black box measure your driving or how you drive or when you drive, especially for younger drivers it can be cheaper.
I wouldn’t go to them in first instance, but you can’t get cheap price, look at the black box insurers haggle, if you don’t want to switch policy once you get a cheaper price, elsewhere I have got on the phone to insurers which say that they’re offering me and you will match it.
You don’t have to have the hassle of changing policies, if it’s complicated, if you’ve got non normal circumstances, you’ve had lots of convictions, you’ve got a different type of car, then brokers tend to be better than comparison sites for cash, and you go through on our website.