For those looking to save money on their car insurance, money guru Martin Lewis has revealed his top tip which could reduce your premium by hundreds of pounds.
Car insurance is there to protect you and others in the event of incident, such as theft, or an accident, but it is also a requirement by law meaning no matter how expensive it is, it's a bill you need to pay.
Thankfully, the MoneySavingExpert has revealed one way to save you hundreds on car insurance.
And all you have to do is make one simple change when taking out your policy.
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After analysing 50 million car insurance quotes, Martin Lewis says you should never wait until the last minute to renew your car insurance.
Rather than getting a price from your existing insurer, you should get a quote as a new customer.
But the major change you should make is WHEN you buy your policy.
According to MSE, you should buy it 20 to 26 days ahead, which could shave 40% off the price.
The finance experts worked out that a policy that costs an avg £1,218 a year on renewal day would be just £672 a year 24 days ahead - statistically the cheapest day. That's £546 less.
Following this advice, one customer got in touch with MSE to say: "Renewed three weeks early after your tip. It's gone from a renewal price of £108/mth to £51/mth [saving £684/yr]. Checked the comparisons later and it went back to £100. Happy."
To read MSE full guide, click here.
