The average household pays £485 a year on car insurance and £312 on home cover, according to the Association of British Insurers. Shop around and you can save an average of £250 – that’s £131 on car and £119 on home per year.
DO IT NOW!
◆ Plug your details into comparison sites like gocompare.com and moneysupermarket.com. Loyalty doesn’t pay with insurance – sticking with the same company could leave you out of pocket.
◆ Don’t pay in monthly instalments – it could cost you around 30% more.
◆ You can also save extra cash by buying insurance through cashback sites like topcashback.co.uk and quidco.com – typically £40-£50.