With January just around the corner, now is normally the time UK families start planning their savings strategies for the new year. Moneysupermarket.com has offered a helping hand, with 10 tips on how to save on insurance in 2012.
Car Insurance:
Top tip 1 – Shop around for the best value deal for your circumstances – save £372
[Based on the average saving made when using moneysupermarket.com to shop around for car insurance]
Top tip 2 – By adding an older driver who also drives the vehicle to their policy, younger drivers can make significant savings – save £165
Top tip 3 – Add a partner – save £32
Top tip 4 – Halve your mileage by car-pooling with a colleague – save £17
Top tip 5 – Opt for fully comprehensive car insurance rather than third party only cover – save £97
Total =£684
Home Insurance:
Top tip 6 – Pay annually instead of monthly – save £16
Top tip 7 – Shop around for the best value deal for your circumstances – save £127
[Based on the average saving made when using moneysupermarket.com to shop around for home insurance]
Total =£143
Life Insurance:
Top tip 8 – Give up smoking – save£240 on insurance
[In order to be classed as a ‘non-smoker’ and qualify for life insurance premium savings, insurers insist smokers have kicked the habit for a full year.]
Travel Insurance:
Top tip 9 – Choose the best deal from an independent provider rather than accepting the standard deal from your travel agent – save£24
Top tip 10 – Choose annual rather than single trip policies if planning to travel abroad more than once a year – save £28
Total =£51
Overall total: £1,118
