Oneputt replied on 11/12/2019 08:20
Posted on 11/12/2019 08:20
Just lifted this from Money Saving Experts newsletter:
Warning. Don't wait till the last min to buy car insurance. The PERFECT time is 20 to 26 days ahead, cutting typical costs by 40%
For years we've been refining our system on how to get the cheapest car insurance. In summer 2018, after analysing more than 18m car insurance quotes, we told you the perfect time to get it was 21 days before renewal.
Now we've redone the analysis, with over 50m quotes (courtesy of Compare The Market, Confused.com and MoneySupermarket) and we now think you've a six-day sweet spot, from 26 to 20 days before renewal, where you'll find the cheapest price - after that, prices rise steadily.
This isn't about the price from your existing insurer - that's your renewal quote (and is generally expensive and should be avoided). This is about getting quotes as a new customer. A policy that costs an avg £1,218/yr on renewal day would be just £672/yr 24 days ahead - statistically the cheapest day. That's £546 less.
Oneputt
Caravanner