Insurance checklist:

Life insurance isn’t as expensive as you may think, with premiums starting from around £5 a month

Always be honest when buying insurance, or your policy could be invalidated. The cheapest policy may not always be the best one for you – make sure you buy the right cover for your needs.

You can buy insurance policies using comparison sites, but it is also worth getting direct quotes for the best price.

For insurance, such as car and home, note down the expiry date and shop around for a new deal before it ends, as auto-renewal prices are not always the best.