Budget conscious Brits are being given top tips on how to save money on their car insurance policy after nearly a third admit to reconsidering driving due to costs.
According to a recent survey by price comparison specialists Quotezone.co.uk, 61% of people said their car insurance policy is more expensive this year even though their circumstances remain the same, with nearly a third (29%) of respondents noticing an increase of over £150 on their premium.
The results show people are shopping around more than ever in search of savings, with 74% saying they are shopping around more than usual when looking for car insurance this year – with 91% saying they use comparison sites to compare prices.
One of the most important money-saving tips is to do your homework, compare different providers, and never let a policy automatically renew. Drivers need to strike a good balance between cost and coverage, ensuring the policy has all the essentials they need at a competitive price. Among the list of money saving hacks is shopping early, improving vehicle security, building up the no claims bonus and being mindful of where the car is kept overnight.
These simple tips can come in very handy for those looking to make cutbacks on their insurance expenses without making any major changes.
Quotezone.co.uk Founder and CEO Greg Wilson said: “It’s concerning to see car insurance prices on the rise. The soaring cost of repairs, materials and even paint, has all had a knock-on effect on premium price. The volume of claims is also increasing, partly due to the extreme weather we’ve witnessed over the last 12 months. However, we can help, there are ways to save and using our comparison site is an ideal platform to compare products, to make sure you’re getting the cover you need, at a price you can afford.
“We’ve noticed a surge in the volume of customers to our site since the start of the year, up nearly 50% on this time last year as people hunt for savings.”
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