Drivers urged to 'make note of this date' before they buy car insurance to save money
With many motorists facing significant price rises in the cost of car insurance, a driving expert has shared the best day to buy a policy.
The insurance company Alan Boswell Group has shared a number of tips that can help motorists reduce the cost of covering their car.
With the average cost of car insurance soaring for almost all drivers over recent months, many motorists are looking for simple tips that could help them cut several hundreds of pounds off their quotes.
Heath Alexander Bew, car insurance expert at Alan Boswell Group, highlighted that the cost of cover depends on a wide variety of different factors.
He explained: "The cost of car insurance greatly varies depending on a variety of different factors, so the price of your car insurance will be based on your personal circumstances.
"The most common factors impacting car insurance prices include the age of a driver, your location, what you use the car for, the number of drivers using the vehicle, the vehicle model and production year, yearly mileage and claims history."
One tip that Alan Boswell Group recommended for drivers looking to save money on their car insurance is to buy a policy around three weeks before their current cover is set to expire.
According to a study carried out by the insurance comparison website Money Supermarket, companies tend to offer the cheapest rates 23 days before renewal, with the average driver able to save more than £500 buying it then rather than on the day their cover expires.
As a result, it is generally a good idea for drivers to make a note of the day that their car insurance policy finishes and begin researching for new policies around a month beforehand.
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Heath also suggested that drivers should avoid automatically renewing their current policy, with many other insurance companies offering cheaper prices for new customers.
He advised: "You will typically receive a renewal quote from your existing provider approximately three weeks before your current policy ends.
"The renewal quote will highlight the price for the year ahead, and therefore it's very important to make note of this date if you want to shop around, with a lot of policies being on an auto-renew basis."
Finally, many motoring experts have highlighted that the cost of car insurance can be lowered further by adding a reputable named driver.
Whilst secondary drivers are unable to carry over their No-Claims Bonus (NCB), the number of years since they last made a claim, putting them onto the policy shows insurers that the main user of the vehicle is linked to safe motorists.
In some cases, adding a driver or two could save several hundred pounds, however, these motorists must be likely to use the vehicle for the policy to remain valid.
