{"id":142851,"date":"2023-11-01T13:03:23","date_gmt":"2023-11-01T13:03:23","guid":{"rendered":"https:\/\/celebrity-hub.com\/?p=142851"},"modified":"2023-11-01T13:03:23","modified_gmt":"2023-11-01T13:03:23","slug":"exact-date-to-renew-car-insurance-as-martin-lewis-shares-tip-for-cheapest-deals","status":"publish","type":"post","link":"https:\/\/celebrity-hub.com\/lifestyle\/exact-date-to-renew-car-insurance-as-martin-lewis-shares-tip-for-cheapest-deals\/","title":{"rendered":"Exact date to renew car insurance as Martin Lewis shares tip for cheapest deals"},"content":{"rendered":"
Car insurance is never cheap but Martin Lewis revealed how you could save money along the way. <\/p>\n
The MoneySavingExpert founder is known for his savvy tips and now a trick on car insurance saved one fan almost \u00a3900. He spoke on BBC 5 Live with co-host Nihal Arthanayake. <\/p>\n
He revealed there's a specific date to start looking at car insurance renewals. Choosing a specific time to get the quote could have a "direct impact" on the average.<\/p>\n
READ MORE: 'We made thousands thanks to Martin Lewis' website tip \u2013 and are due even more' <\/b><\/p>\n
You can read more lifestyle stories from Daily Star here. <\/b><\/p>\n
He said: "If you start looking around 30 days before renewal, we're starting at about \u00a3900 for a quote on average, based on research of 70million quotes.<\/p>\n
"This price then drops very very rapidly until about 27 days before renewal, you're now on around \u00a3675. It then drops to a little further and bottoms out at 21 days before renewal where it's \u00a3590."<\/p>\n
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Following the suggestion, a fan emailed the MSE founder to explain how the tip knocked their insurance down from \u00a31,500 to just \u00a3650 by using comparison sites three weeks before renewal.<\/p>\n
They said: "I was a non-believer until my quote went down from \u00a31,500 one month before insurance expiry to an unbelievable \u00a3650 21 days before expiry."<\/p>\n
It comes as Martin's data found Brits could get a quote for almost half price if they check 21 days before their renewal date. If someone renews on the day before their car insurance policy expires, the data shows it would cost \u00a31,200.<\/p>\n
He added: "Timing is everything. The sweet spot is between 25 days and 18 days."<\/p>\n
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