Car insurance prices have officially hit their lowest point in 3 years.
But consider this a warning, increases are looming.
Confused.com's latest data is urging motorists to lock in cheap premiums now, as prices have already started creeping up for some.
If you look at just the past 3 months, car insurance has increased by as much as £41 pounds or 5%.
While the majority of drivers are still benefiting from year on year price drops, premiums are overall still 32% more expensive compared to recent years.
It's hitting hard, with almost half of drivers admitting they've had to cut back financially just to afford their car insurance.
And as we look ahead, other motoring costs are unfortunately set to rise this year.
The money you save by cutting your car insurance costs today can perfectly offset wider rising expenses tomorrow.
To ensure you actually secure these lower rates and avoid those looming increases, you need a smart strategy.
Here are our expert top tips to get you the best price.
The 28 day rule, our data clearly shows that running a quote exactly 28 days before your renewal date is the sweet spot.
It could be up to 51% cheaper than waiting until the day your policy expires.
Be accurate with mileage.
It might be tempting to declare a very low annual mileage, like a few thousand miles, to try and lower your premium.
Not being accurate could invalidate your insurance.
Always provide a realistic estimate.
For more expert motoring advice, visit Confused.com.
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