Motoring experts have revealed the best time for drivers to renew their car insurance policies in order to potentially save hundreds of pounds.
Insurance premiums have risen hugely over the last year, with both new and existing drivers seeing the cost of their policy rise.
However, car insurance experts say the easiest way to cut the cost of your premium is to pick the right day to renew.
Ryan Fulthorpe, an expert at Go Compare, revealed you can buy a premium up to 29 days before the start of your new policy, and “lock in” the price you are quoted on that day.
The closer you get to your policy start date, the more expensive it is likely to be. Ryan renewing your insurance on the day its due is the most expensive way to do it.
He explained: "Go Compare data shows that the closer to the renewal date you get, the more you could end up paying.
"Our customers saved over 44% on average by buying their car insurance 27 days before their renewal date, compared with those renewing on the day."
If your insurance matches the current average, renewing early could save you £191.
He added: “Being aware of the factors that impact the price of your car insurance is so important, especially at times when we are looking to save money where we can.
"While other changes may take more time, or come with a cost, simply buying the policy on a different day is a great way to save some money.
“There are a whole range of factors involved which may vary the price insurers offer you for your car insurance, from the type of vehicle you drive, to your occupation.
“Some of these factors are not changes that you can easily make, but simply buying your policy 27 days before it is due to renew is an effective one.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel