He says those acting quickly could potentially save themselves hundreds of pounds
Martin Lewis is urging anyone with car or home insurance to ‘lock in’ a deal now - helping them save hundreds of pounds over the next 12 months. In the latest edition of the MoneySavingExpert.com newsletter, the consumer champion said that analysis by Pearson Ham indicates car insurance prices have shot up by a “shocking 41 percent” with home insurance not far behind at 26 percent, Daily Record reports.
Explaining the reason for such steep policy price rises, Martin wrote in the newsletter: “Insurers say it's due to things including rising car repair costs, more subsidence housing claims and overall inflation. Whether that justifies it or not is moot, car insurance is a grudge purchase, you've no choice.”
Martin shared details of the MSE.com ‘Compare+ tool’ which helped one money-saver cut £738 off their car insurance renewal. He explained it’s just one questionnaire that shows the best deals on the market - find out more about it here.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Martin Lewis urges 800,000 people to check if they can claim DWP benefitThe Money Saving Expert founder is reminding those over the state pension age to check if they are eligible for Pension Credit
Read more »
Martin Lewis shares simple hack to get free £175 before Christmas'Do it today and you should have the money in your account towards the end of October at the latest.'
Read more »
Martin Lewis issues new warning to every person with car or home insuranceThe founder of Money Saving Expert warned car insurance prices are up a staggering 41 per cent.
Read more »
Martin Lewis shares how to grab free £175 before ChristmasThe Money Saving Expert founder is urging people to act soon to bag the cash
Read more »
Martin Lewis' MSE shares how Boots shoppers can get 30% off No7 productsThe MSE team has shared how shoppers can get money off all No7 products - but only for today.
Read more »