Martin Lewis has revealed the exact date drivers should get quotes for their insurance.
The Martin Lewis Money Show Live was back on TV screens tonight and he discussed all things home and car insurance. It was explained on the show that inflation is to blame due to an increase in car insurance.
The Money Saving Expert and rights campaigner stated if drivers are coming up to renew their car insurance, the best time to do it is 23 days before their renewal date. This is the best time to get new quotes for your car coverage so you can budget and save money.
READ MORE: Martin Lewis' stark warning to car owners as things could get 'worse'
Martin Lewis explained to viewers: “In the run up to someone's renewal date, it drops about 30 days prior. The sweet spot is three to four weeks before the renewal date.
“Everyone needs to get the date in their diary to renew their car insurance 23 days before as that is the actual sweet spot. If someone gets their insurance on their day of renewal they will pay £1200 instead of £700 23 days before for example.
“The type of people who leave getting quotes until the last minute are the type of people that are at high risk when it comes to home and car insurance and they make more claims.”
One viewer on the show who tried Martin's car insurance tip said: “I was a non-believer until last week. My quote went down from £1,5000 one month before insurance expiry to an unbelievable £650 21 days before. Thanks so much.”
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