Mr Lewis said things could get worse
With the cost of living crisis forcing some families to choose between heating or eating, Martin Lewis regularly offers advice on how to save money. The financial guru often takes to social media to share top tips as well as through the Money Saving Expert newsletter.
"New data out then showed average renewal prices 41% higher, and we cautioned you to act urgently as worse was predicted. Now... it seems 'worse' is here, seemingly even more quickly than expected. So I make no bones about repeating the warning, but this time EVEN LOUDER." Mr Lewis added: "Insurers say rises are partly due to general inflation, rising car repair costs - with garages charging more for parts and labour - and paying out more for written-off cars, due to the value of used cars getting ever higher. Whether this justifies it or not is frankly moot; the rises are happening, the most pressing issue is how to try to counter them, so let me say it again.
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