Sheffield news Martin Lewis shares car insurance date hack that to save you hundreds PremierLeague-News.Com
PremierLeague-News.Com - The money saving expert shared the brilliant tip on This Morning leaving presenters Holly Willoughby and Phillip Schofield's minds blown
PremierLeague-News.Com - Breaking Sport Transfer News ! Martin Lewis has revealed a genius money-saving hack that means drivers can get the best possible deal on their car insurance. The money saving expert appeared on This Morning on Thursday, May, 13 with some important advice for motorists. Financial journalist and broadcaster, Martin, left presenters Holly Willoughby and Phillip Schofield shocked by his simple trick that could save car owners hundreds. To get the latest email updates from Yorkshire Live, click here . The 49-year-old TV personality said although car insurance tends to be one of those tedious life admin jobs we all put to the bottom of the list, being on top of your renewal do it could actually save you in the long run. Martin explained: "If you're coming towards your renewal, the perfect time to renew - and note this in your diaries now everyone - is 23 days before your renewal. "This is when you should be comparing with other quotes, not just going with your existing company." The money expert told viewers "it can be nearly double the cost if you leave it until the day before to get your renewal". ITV viewers were shown a graph which demonstrated the average car insurance quote cost is just under £800 when it comes to 23 days before renewal but then the price of quotes rapidly increases and on average hits £1,200 the day before renewal. How to save money on your home While we have been spending more time at home, it's important to check you are getting the best deals from your providers.
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. The free services automatically switches you to the cheapest energy company, potentially saving you up to £290. You can also use MoneySupermarket to compare switching services. Cut TV costs - Check your TV and broadband bills. Sky usually offers deals and discounts when you renew your contact and it can potentially cut your bills. If you are on BT or Virgin you can do the same. Switch and save - Uswitch offers simple, hassle-free switching and saving to often exclusive tariffs. It takes moments and can save you up to £216 a year.
Martin explained the clever hack: "It's because insurers know that the people who do it early tend to be a lower risk than those who leave it until the last minute". This Morning presenter Holly was mind blown by the expert's tip, she rushed to ask Martin "How do you know that? How do you know it's 23 days?!" The money expert replied saying he and his team had gone through 18 million quotes from comparison websites to come to the figure or the best date to renew. So if you're car insurance is nearing renewal, pop the date in your diary to save a fortune!
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