Top insurance tips to save thousands in 2009
Insurance is a vital part of everyday finances for us all; but there is no need to pay over the odds for it. The UK's leading price comparison site moneysupermarket.com reveals simple steps to save a typical family over £2,350 each year.Andy Leadbetter, managing director of insurance at moneysupermarket.com, said: "While insurance is essential for financial security and peace of mind, it is important Brits only opt for a level of cover relevant to their needs, and at the best available price. At a time when we are all reviewing our finances, outgoings can be trimmed by shopping around and taking several other easy steps to further reduce premiums. Across the board on standard insurance products, a family could see impressive savings of over £2,350 in 2009 - a great kick start to the New Year."
Motor Insurance:
Top tip 1 - A younger driver can make great savings by adding an older driver to their policy - save £282.
Top tip 2 - Shop around for the best value deal for your circumstances - save £1,255.
Top tip 3 - Increase your voluntary excess from £100 to £500 if you can afford to - save £55.
Top tip 4 - Add a partner - save £23.
Top tip 5 - Halve your mileage by car-pooling with a colleague - save £8 on insurance.
Total = £1,623.
Home Insurance:
Top tip 6 - Pay annually instead of monthly - save £10.
Top tip 7 - Shop around for the best value deal for your circumstances - save £105.
Top tip 8 - Increase your voluntary excess from £100 to £500 if you can afford to - save £5.
Total = £120.
Payment Protection Insurance:
Top tip 9 - Choose the best deal from an independent provider rather than accepting the standard deal from your loan provider - save £357.
Life Insurance:
Top tip 10 - Give up smoking - save £216 on insurance.
Travel Insurance:
Top tip 11 - Choose the best deal from an independent provider rather than accepting the standard deal from your travel agent - save £34.