Martin Lewis issues warning to every person with car or home insurance to lock in new deal now
dailyrecord.co.ukMartin Lewis is urging people with car or home insurance to ‘lock in’ a deal now to help them save hundreds of pounds over the next 12 months.
In the latest edition of the MoneySavingExpert.com (MSE.com) newsletter, the consumer champion said that analysis by Pearson Ham indicates car insurance prices have shot up by a “shocking 41 per cent” with home insurance not far behind at 26 per cent.
And if that wasn’t grim enough, Martin warned that the price hikes look set to continue this year and into next. But fear not, as ever, the financial guru has shared some simple ways to reduce the costs of both policies to help save much-needed money during the ongoing cost of living crisis.
Explaining the reason for such steep policy price rises, Martin wrote in the newsletter: “Insurers say it's due to things including rising car repair costs, more subsidence housing claims and overall inflation.
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