Money saving insurance tips revealed
Published On 9 January 2007
Those looking to save large sums of money on their insurance premiums have received help from the price comparison website moneysupermarket.com.The firm states that home insurance customers can save around £16.40 on average by paying yearly, while adding security features such as alarms and approved locks can save over £20 per annum, meaning significant gains can be achieved in the long run.
Those seeking motor insurance who car share or only drive the vehicle at weekends will be pleased to learn that more than £43 can be saved on standard insurance policies, while younger drivers can cut their premiums by adding an older driver to the insurance, with savings of a further £43 to be had.
Richard Mason, the director of insurance at moneysupermarket.com, commented:
"You can trim your monthly outgoings by shopping around regularly, but you can also take several other simple steps to reduce your premiums this year.
"Across the sweep of standard insurance products you could probably save nearly £800 this year alone."
Lastly, travel insurance customers will often do best by opting for independent insurance rather than that offered by holiday companies, with an average annual saving to be had of almost £100.
