Drivers can make ‘huge savings’ on car insurance says MSE | Personal Finance | Finance
Money experts have shared a straightforward method to make “huge savings” on an annual bill. This simple technique could help you save as much as £605 on your car insurance.
In the UK, it’s a legal requirement to have your car insured. If you’re caught driving a vehicle that you’re not insured to drive, the police could issue you with a fixed penalty of £300 and six penalty points.
If the case is taken to court, you could face an unlimited fine and be disqualified from driving. Therefore, it’s crucial to remember to insure your car every year.
Regrettably, this can be a costly affair, with some people being charged thousands for this protection. However, if your insurance quotes are particularly high, there are measures you can take to try to lower them.
One such measure is suggested by Martin Lewis’ website Money Saving Expert (MSE). It recommends using its Compare+ Car Insurance online tool to reduce your costs.
This online system asks you to provide some information and then offers quotes along with tips on how to save more money.
The MSE website explained: “It’s far more than just a comparison. You can make huge savings.”
One MSE reader, Clare, revealed how she saved £605 by using the tool.
She said: “Renewal price quoted was £1,295 but after following your Compare+ comparison site advice I got a suitable policy for £689 – a saving of £605.”
Another reader managed to save £300. Duncan said: “My 21-year-old son has recently passed his driving test and bought an old car. He was quoted £1,200.
“He managed to reduce the premium by nearly £300 by adding me as a named driver. I’m 58 with an unblemished licence, never claimed and driven clean for 41 years.”
To secure the best quote possible, MSE suggests you:
- Fill in the questionnaire to compare
- Get MSE tips as you answer, such as the “best time to get insurance” analysis
- Benchmark your cheapest insurers via the comparison result – then try to beat it
- Visit other sites to slice down your costs further
For more details, visit the MSE online tool here.
