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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 shopping around 26 days before car insurance renewal—the "sweet spot"—can secure quotes beating nearly half the cost of renewal-day premiums.
- Insurers view customers who leave shopping until the last minute as higher risk, charging them more; Martin explains that acting earlier helps drivers "subvert the system" and save money.
- One viewer, Selene, saved £445 by following the 26-day rule, securing the same cover for £468 instead of £913. Another viewer, Nicolo, found a policy for £222 after an initial quote of £555.
- The same principle applies to home insurance, though the ideal timing differs; Sure specialists note best deals are found around 15 to 20 days before renewal, catching many by surprise.
- 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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14 Articles
14 Articles
The Herald Scotland+13 Reposted by 13 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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Total News Sources14
Leaning Left1Leaning Right0Center11Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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