Don’t accept automatic renewals

It is far too easy simply to accept the renewal you receive from your current insurer – especially if it appears to have dropped since last year.

However, this often isn’t the best deal available and could end up costing your hundreds of pounds more. Always find out what other insurers are offering before accepting to renew.

 

Park on the street

This is the strangest one on the list as it is a bit of a loophole. If you park your car on the street rather than in a garage or on the drive you could cut your premium by a couple of quid. The reason for this is strange – there are more claims involving cars parked on driveways or garages than on the street, lowering the cost of insurance.

 

Pay in a lump sum

One large annual payment may seem like a hassle, but it could save you hundreds every year.

While the smaller monthly payments may be easier to budget for, you could be missing out on the cheapest deals available. This is because there will be extra fees for having monthly payments and cheaper insurance policies may only work on an annual basis.

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