Why you’ve only got five days left to get a cheap deal on your car insurance
February is the best month to switch to a new deal.
If you need to renew your car insurance, or even switch to a new provider, you need to get on with it: February is by far the cheapest month to do a deal.
Motorists who renew in February pay almost £100 less than those who act in December, according to new data from Compare the Market.
According to the research, car insurance premiums are on average £37 cheaper in February than in a typical month.
And the more motorists who act now, the cheaper all of your policies will be: February is the most popular month for renewals, meaning insurance providers have to fight it out in the open market for the custom of 20 million drivers.
The boom in custom is a result of motorists finally getting round to sorting out their finances in the post festive lull - while over Christmas, insurance is the last thing on anyone’s mind, so prices go up.
But regardless of when you renew your cover, the most important thing to remember is ALWAYS shop around. Latest figures show that those motorists who stick with the same provider year after year without looking for a better deal pay on average £270 more than they need to.
Many companies put their customers on automatic renewal, so check with your provider now to make sure you’re not about to lose out! But be wary of breaking off the policy you’re currently on early, as there can be penalties.
Motor and home insurance policyholders would save a total of £1.2billion a year if they shopped around, according to the Financial Conduct Authority.
So if you’re looking to save money on your Car Insurance, head to A Spokesman Said to search for the best deals for you.
Here at A Spokesman Said we love fighting for your rights and believe passionately in natural justice.
But these battles cost us money. You could help us fund these fights by using our price comparison site, A Spokesman Said for your energy, car insurance and household bills.
We’re just the same as Go Compare or any other price comparison site, so you won’t be losing out in any way - by helping us, you will be helping yourself.
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When did you last switch your car insurance provider?
Last year 65% of customers didn't switch their car insurance to try and get a better deal.