Drivers could 'speedily' save £350 a year on car insurance with simple trick

Finance experts have revealed a straightforward method for drivers to cut their expenses by up to £350 annually. Using this digital platform could help you dramatically reduce your motor insurance premiums within minutes.

Vehicle insurance remains a legal obligation across the UK. Police officers may issue you with a fixed penalty notice of £300 plus six points on your licence if you're discovered operating a vehicle without proper insurance cover. Should the matter proceed to court, you could face an unlimited financial penalty and potential driving ban.

Consequently, it's crucial to ensure your vehicle remains insured each year. Nevertheless, this can prove costly, with some motorists paying thousands for such coverage.

Fortunately, when your insurance quotations appear particularly steep, there are measures available to help lower them. This includes a strategy endorsed by Martin Lewis's Money Saving Expert (MSE) website.

The site recommends utilising its Compare+ Car Insurance digital platform to bring down your expenses. MSE stated on its website: "We pay 40% more for car insurance than we did in 2021, yet things have turned the corner, with prices down 10.5% over the last 12 months.

"But that means you must be alert, don't just accept your renewal." The platform continued: "Even if it's five per cent cheaper, you can probably still do better.

"To help you save, we've added new 'Price Impact Indicators' to our Compare+ Car Insurance tool." One MSE reader revealed how she saved £350 using the tool.

Colleen explained: "My car renewal had increased by £150, so I used your Compare+ tool and found the same level of cover £350 cheaper. I am now going to use Compare+ Home Insurance to review that too. Big, big thank you."

• After visiting moneysavingexpert.com/insurance/car-insurance, you “speedily” fill in one questionnaire
• As you go through the questions, you get the unique Price Impact Indicator - every question has a low, mid or high pricing rating, with it telling you how the answer impacts the price - where you can click and read about it exactly

• You then get your benchmark quote to start the saving. This is your cheapest quote from the MoneySupermarket comparison, so you can see a price straightaway
• It will then show you other other comparisons to add in, and in what order
• It will also tell you the best time to renew for the best price

Further to this, after analysing your data, the Compare+ tool will show you other ways to try to cut your costs further such as:

• Will upping the voluntary excess (the amount you pay towards a claim) save you money?

• Can you pay annually rather than monthly?
• Could you legitimately tweak your job title to save?
• Is there a responsible driver you can add to your policy?
• Can you save by combining your home and car insurance?

Visit the Compare+ Car Insurance tool online here.