Car insurance tips to try and save up to £700 – London Business News | Londonlovesbusiness.com

Motorists are being told they could save up to £702 on car insurance in 2025 with top saving hacks.

Car insurance experts at Quotezone.co.uk are urging drivers to consider where to park and when to buy policies to help reduce their annual premiums.

Amid the significant rise in car insurance costs in 2024, drivers across the UK have been actively looking for ways to save money on policies. The latest Quotezone data shows the current average cost of car insurance in the UK is £770.78, as of Q3 2024.

Recent data has revealed some of the most substantial savings can come from simple hacks such as timing the purchase right and finding a safer place to park – potentially saving up to £702 a year on average.

Drivers are being told they can save 33-45% on their car insurance premiums if they renew their policy 15 to 24 days before it’s due to expire.

Not leaving the purchase until the last minute and allowing plenty of time to shop around and compare quotes will help ensure drivers are not overpaying for their premiums.

The time of day also plays a part in determining car insurance costs, with data revealing people obtaining quotes after midnight often see higher insurance premiums.

On average, quotes obtained between midnight and 6 am are approximately 22% higher than quotes during normal daytime hours.

Drivers are also being told their parking habits can significantly influence premiums. Insurers often offer discounts for vehicles parked in secure locations, such as garages, carports or private driveways.

For example, the average annual premium for drivers who park on a private driveway is £868, whereas those who park on a road away from home are quoted £2,298 on average – more than double the price.

Quotezone.co.uk CEO and car insurance expert Greg Wilson said: “Securing affordable car insurance premiums has been a priority for many motorists this year and by analysing our data we’ve learnt some substantial savings hacks drivers can use in 2025.

“Simple tweaks like timing your policy purchase and finding a safer place to park can make a big difference in the price you’re quoted.

“One of the biggest mistakes drivers make when renewing their policies is leaving it until the last minute which means they’re missing out on a chance to save up to 45%.

“Surprisingly, even the time of day can affect how much you pay. Our analysis has shown that when you request quotes in the middle of the night, you may be quoted up to 22% more compared to daytime hours.

“This may be because statistically, people who are getting quotes late at night may have a higher volume of claims or accidents, making them a higher risk.

“Parking location is also a crucial factor when determining insurance premiums. Generally, the closer you park to your home, the better. Cars that are parked on the road and away from home are more likely to be damaged or become targets for thieves.

“It’s hard to predict what car insurance prices will do in 2025 as inflation continues to fluctuate but prices are stabilizing and even in slight decline across all age groups – which we hope will bring a positive start to the new year.”