Drivers can save up to 45% on car insurance just by timing their renewal right

Drivers could cut car insurance costs by up to 45% simply by renewing on these key dates, 15 to 24 days before their policy ends.

Research from car insurance experts at Quotezone.co.uk reveals how timing and small tweaks to everyday habits could lead to significant savings for drivers.

One of the biggest potential savings amongst ten tips shared by Quotezone is the day to renew.

Leaving it until the last minute is the worst time to buy – yet despite this, 62% of customers purchased during this expensive period.

 Timing is everything when it comes to car insurance, and data shows that renewing two to three weeks in advance could save you up to 45%.

Other actions such as reconsidering the location a car is parked overnight, increasing voluntary excess, and adding an experienced named driver could also contribute towards lowering costs.

Organised motorists giving themselves plenty of time to shop around and receive numerous quotes before deciding whether to renew or switch policies will likely receive the better deals.

Meanwhile, it’s important not to allow policies to renew automatically, as it can cause drivers to miss out on significant savings.

Greg Wilson CEO and car insurance expert at Quotezone said, “With household costs rising, no one wants to waste money – and timing your car insurance renewal right could save you hundreds.

“Some of the most common and costly mistakes drivers make include letting policies auto-renew, leaving it too late to buy, and not shopping around.

“Drivers usually get a reminder a month before their policy ends – that’s the perfect time to start comparing quotes.

“Our data shows the sweet spot is 15 to 24 days before the new policy starts, when premiums could be up to 45% cheaper – yet a quarter of drivers are unaware of this significant saving.

“If drivers stick with their current provider, they should be sure to negotiate and shop around to ensure they have a competitive price and a competitive product.

“Price comparison websites can massively simplify this process by comparing multiple insurers and products at once.

“Drivers might also save by adding an experienced driver to the policy, increasing the voluntary excess, or improving vehicle security.

“But always be honest about the details. Giving inaccurate information can invalidate the cover completely.”