Martin Lewis warns viewers about drastic car insurance changes
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As of today, the energy price cap has risen by around £623, meaning energy bills are set to drastically increase for millions of households across the UK. But drivers may be able to save money on their energy bills by looking at their car insurance rates.
Alex Kindred, car insurance expert at Confused.com, advised drivers to find ways in which they could save hundreds of pounds per year on the running costs of their car.
He said: “Energy prices are on the rise, but unfortunately these are costs that can’t be avoided.
“With the addition of things like fuel prices now at record high levels, this might be concerning for drivers.
“But fear not, there’s still ways in which you can save money when it comes to running a vehicle.
“Although your car insurance might feel like a large outgoing, it’s actually one of the easiest areas where you could save money.
“All you need to do is shop around. If you’re up for renewal, consider switching insurers as you might not currently be paying the best deal that’s already out there.”
Recent data shows that drivers who shopped around during the end of 2021 saved £36 compared to the price at the end of 2020.
Motorists are also recommended to pay for their policy annually if they can afford to do so.
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Monthly budgets may help them budget in the long run, but they will most likely be paying interest on top of it.
Regular maintenance of a vehicle can also help drivers save money, as Alex Kindred highlighted.
He added: “It’s also possible to make savings on your car maintenance costs, which includes MOTs and cleaning.
“This costs add up to around £424 per year, but could be more if you don’t look after your vehicle.
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