‘It could hit you in the pocket’ – millions of drivers stung by car insurance mistake costing them £100s every year
insurancecredit cardsAndrew Hagger, personal finance expert and founder of Moneycomms, says: "It's hard enough for consumers to cope with soaring insurance costs, forcing many to look to spread the cost - only to find they will be hammered again for the privilege.Many insurers charge additional fees for monthly payment plans.
A spokesperson for the Association of British Insurers said: "Paying premiums by monthly instalments is an option offer to help customers manage their budgets. But lying about your job could invalidate your policy so make sure any changes are legitimate and accurate.Not all comparison sites have the same range of insurers, so to get the best price, it’s a good idea to check two or three from Go Compare, Comparethemarket, MoneySupermarket and Confused.com.How can I cut my home insurance costs?The first step to finding the cheapest cover is by checking the comparison websites like MoneySupermarket or Confused.com.
Many insurance companies offer these two aspects of cover combined, so if you’re only after contents insurance, ensure you don’t pay more for what you don’t need.Functional burglar alarms, security lighting and lockable windows make your home less susceptible to burglaries and having to make a claim for stolen or damaged belongings.
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