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Martin Lewis says one 'bonkers' insurance trick could cut your bill in half
Lewis said quotes can be nearly half the price when motorists compare insurers about 26 days before renewal, based on millions of quotes.
- Speaking on ITV's Martin Lewis Money Show Live, Martin Lewis revealed that shopping around 26 days before car insurance renewal—the "sweet spot"—can save motorists hundreds of pounds annually.
- Insurers assess risk based on shopping behavior, deeming last-minute shoppers higher risk and charging them more. Lewis explained that getting quotes earlier helps drivers "subvert the system" and secure better rates.
- One viewer, Selene, saved £445 by securing the same cover for £468 following the rule. Another viewer, Nicolo, found a policy for just £222 after an initial quote of £555.
- The same principle applies to home insurance, though the ideal timing differs. Sure specialists note that best deals are typically found around 15 to 20 days before renewal.
- A spokesperson said the logic behind the tip is sound, adding that setting a calendar reminder takes only minutes but potential savings "can run into hundreds of pounds.
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12 Articles
The Herald Scotland+11 Reposted by 11 other sources
Martin Lewis says one 'bonkers' insurance trick could cut your bill in half
Martin Lewis says getting car insurance quotes 26 days early could slash premiums. Some drivers cut bills by nearly 50 using the little-known trick.
·Scotland, United Kingdom
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Coverage Details
Total News Sources12
Leaning Left1Leaning Right0Center9Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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