You are here: Home - Insurance - News -

Save money on insurance

0
Written by:
08/01/2008

British families could save up to £1,300 a year in insurance costs, Moneysupermarket.com has revealed.

According to the financial information provider and price comparison website, a typical family can follow 10 steps to save money on their various insurance policies. For example, consumers could save up to £558 on car insurance policy by doing all of the following: adding an older driver to the policy, shopping around for a policy, increasing voluntary excess, adding a partner to the policy and car pooling with a colleague.

Furthermore, Moneysupermarket.com said consumers can save £98 on home insurance by shopping around and paying annually instead of monthly. Other money saving tips include choosing an independent provider of both travel and payment protection insurance, saving you a total of £514, and reducing life insurance costs by giving up smoking.

Richard Mason, director of insurance at Moneysupermarket.com, said: “While insurance is essential for financial security and peace of mind, it is important you only opt for a level of cover relevant to your needs and at the best available price. You can trim your outgoings by shopping around and take several other easy steps to further reduce your premiums. Across the sweep of standard insurance products, you could save over £1,300 this year alone.” 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Regional energy price gap widens

Npower’s standard customers in the Northern England region will now pay close to £100 more than their Scottish counterparts.

Close