Easy Martin Lewis money saving tip helped me save £423 in ...

With the cost of living continuing to rise and many households facing increased financial pressure, everyone is looking for ways to save money wherever possible. From energy bills to groceries, cutting costs has become a priority for millions across the UK. One area where substantial savings can be made, often overlooked, is home insurance.

As premiums soar, more people are turning to financial experts like Martin Lewis for guidance on how to get the best deals and avoid unnecessary expenses. In these difficult times, even small steps can lead to big savings, as one savvy Martin Lewis fan recently discovered.

Fiona, a follower of the MoneySavingExpert (MSE) newsletter, was faced with a hefty renewal notice of £866 for her four-bedroom home. Shocked by the increase, she decided not to auto-renew and instead sought cheaper alternatives. Following Martin Lewis’ advice, Fiona turned to comparison websites to shop around for a better deal.

Within just 40 minutes, she found the same coverage for only £443, resulting in a substantial £423 saving. "Never just auto-renew," Fiona advised, explaining that your existing insurer might not offer the best price or coverage.

Lewis has long recommended using multiple comparison websites, as they each cover different insurers and often show varying prices for the same policy. By comparing options, you can make sure you get the best deal.

The Association of British Insurers (ABI) has reported a sharp 19% increase in home insurance premiums during the first quarter of this year, compared to the same time last year. The average combined buildings and contents premium has now risen to £375.

With prices climbing, Fiona’s story serves as a timely reminder to check other options rather than settling for the renewal quote.

By following Martin Lewis' advice to avoid auto-renewing and check multiple sites, you too could potentially save hundreds on your home insurance. This proactive approach not only benefits people like Fiona but also encourages insurers to stay competitive in a rising market.