Martin Lewis’ MSE reveals exact date to renew your car insurance for the best deal – some can save £100s

MARTIN Lewis’ Money Saving Expert has revealed the exact date to renew your car insurance for the best deal, saving some 100s.

Hundred of drivers could be losing money by not knowing the perfect time to renew their car insurance but Martin Lewis' Money Saving Expert team has cracked the code on when to strike.

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Money Saving Expert revealed that September is a key time for car insurance renewals, thanks to new car registrations.

Yet many of us are waiting until the last minute to renew, and it’s costing us big time.

The secret is to start shopping around 20 to 27 days before your renewal date.

If you’re due for renewal next month, that means now is the time to start hunting for a bargain.

Don't wait until you're staring down the barrel of an overpriced renewal quote.

According to MSE, getting your quotes between three to four weeks in advance could save you a small fortune, with some drivers cutting their premiums by hundreds of pounds.

One savvy saver, Carl, said: "My renewal came in at £1,000 for both my car and van.

"After learning about the best time to renew, I've saved £300 in total and this was on day 20. Thank you Martin and team for all the hard work."

But even if you’re not up for renewal just yet, MSE says it’s worth checking now.

Prices have been sky-high since 2022, but the latest figures from the Association of British Insurers show a small dip – the first in two years. So, you could save big by switching early.

And if you've got more than one motor at home you’ll want to check whether a multicar policy could save you even more.

These aren’t usually included on comparison sites, so a manual check could uncover a hidden gem.

Admiral, LV, and Aviva are some of the top names offering these deals, while others like Direct Line and Churchill might give discounts for insuring multiple cars separately.

If you’re happy with your current insurer but found a cheaper deal elsewhere, don’t just jump ship.

Instead, use MSE's top haggling tips to see if your insurer will match or beat the price. After all, loyalty should go both ways.

Karen, another smart saver, shared: "My car insurance renewal price was up by over £250 a year.

"Normally I just auto-renew, but I went with Martin's haggle tip and found a quote online, which was actually slightly cheaper than I'm paying now, and my current insurer matched it. Thanks for the tip."

And don’t forget – always double-check the policy details to make sure you’re getting the cover you need.

All insurers on MSE’s Compare+ tool are regulated by the Financial Conduct Authority, giving you peace of mind that you’re protected.

This isn't the first time Martin's team have helped drivers pocket cash.

Just last month, Martin Lewis had warned that the "clock is ticking" for Brits affected by the car finance scandal to claim their money back.

Drivers could be owed thousands if they are one of the millions who are believed to have been charged hidden fees on their car loans without even realising.

The Financial Conduct Authority (FCA) is looking into the use of discretionary commission arrangements (DCAs) by brokers up to 2021.

The watchdog is expected to issue its report on September 25 but there is plenty to do before then, according to Martin.

The Money Saving Expert has, as ever, been campaigning tirelessly to help get consumers a fair deal.

Now, he has issued an update on the case - including the necessary next steps.

In his weekly newsletter, he revealed that a whopping 74% of people who use the free tool on his website to help draft their complaint had been told by their broker that they had been affected by a DCA.

It comes after the lawyer who helped kick off the FCA investigation dubbed the scandal to "next PPI" in an exclusive interview with SunMotors and estimated that the total compensation payout will reach into the "billions".