Financial expert Martin Lewis warns of higher car insurance costs for monthly payments.
Financial expert Martin Lewis warns drivers against paying for car insurance monthly, as it can result in significantly higher costs, sometimes hundreds of dollars more compared to annual payments. He advises obtaining quotes 20 to 27 days before renewal and suggests avoiding automatic renewals. Additionally, he highlights that being on the electoral roll may lower insurance costs and recommends using a 0% credit card to manage payments instead of high-interest direct debits.
October 08, 2024
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