Motorists have been advised to follow a 21-day rule to secure cheaper car insurance rates. Rhydian Jones, a motoring expert at Confused.com, emphasized that the best time for savings is typically around three weeks before a car insurance renewal is due.
“Shopping around is essential for finding the lowest prices,” Jones explained. “Although it’s not always a final figure, checking options well in advance – about three weeks before renewal – could help you lock in the best deal.”
Jones also recommended several strategies for further savings, including ensuring that the mileage listed on the policy is accurate and enhancing vehicle security. Adding a named driver may also lead to lower rates.
“Being savvy about your car insurance is the best way to ensure you’re getting the best deal,” he continued. “In times when every penny counts, this proactive approach can really pay off.”
Younger drivers often face higher premiums due to the increased risk associated with their age group. According to data from Go.Compare, drivers between 17 and 24 years old pay an average of £828, nearly double the £476 paid by those aged 25 to 49.
An ABI spokesperson said, “Insurance risks and products can vary year by year, so shopping around is always recommended. It’s important to make sure your policy suits your needs, not just your budget.”
The spokesperson also highlighted the role of new pricing regulations: “We support the FCA’s rules on pricing, which prevent insurers from charging existing customers more than new ones for the same coverage when renewing their policies.”
