Industry News from Yes Insurance

Hints to get the most out of a car insurance premium have been offered by a consumer finance body.

MoneyExpert has suggested that drivers check out at least three insurers before they take the plunge, adding that buying online could bag them a five per cent discount on prices.

And specialist companies, offering deals based on motorist characteristics such a gender and occupation, are also highly competitive, according to the organisation.

Motor insurance customers can also pay higher excesses before their bill arrives in order to keep their payments down, it added.

But paying by direct debit could wipe out any savings made elsewhere, warned the company.

"The direct debit trap is always a nasty surprise and is usually distinctly hidden until the last possible moment," a press release stated.

Earlier this month, Moneyextra reported that 11 per cent of Britons have no idea as to what their car insurance deal actually covers.

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