A Martin Lewis tip helped me save £210 – it only took an hour for me to secure great deal
A MARTIN Lewis tip helped a fan save a whopping £210 and only took them an hour to get a great deal.
The trick was posted on the money saving experts site as part of the 10 BIG MoneySaving wins from 2024.
The fan wrote: “My home insurance renewal was up by more than 50 per cent – following your tips (the money expert’s ) I slashed it by £210.”
Home insurance prices have soared this year, driven by inflation and the cost of repairs.
The key to saving (or at least limiting the rise) here is to never just auto-renew – use our home insurance guide to get quotes and bespoke cost-cutting tips to slice the price down.
Jan – who did so in May – said: “I recently received my home content and buildings insurance renewal, which had increased by £150 to £420 (a 54 per cent rise)!
“After about an hour of searching online via your website, I secured a much better deal for £210, saving me £210. Thank you Martin.”
Other big MoneySaving wins included a couple who got a water meter and now pay £16 per month instead of £60 per month – saving over £500 per year.
And another included someone who saved £1,000 per year in credit card interest using the Money Saving Expert‘s eligibility calculator to find a 0 per cent balance transfer.
It comes as Martin Lewis‘ Money Saving Expert website explained how car finance compensation works after some drivers received unexpected payouts.
In its latest newsletter, MSE explained that some people have been receiving payments from car finance providers out of the blue.
It comes after the findings of an investigation by the Financial Conduct Authority (FCA) uncovered evidence of widespread unclear and excessive car finance costs, affecting millions of UK drivers.
In recent weeks, it has been announced that the outcome of the investigation, which could lead to payouts worth £1,000s, has been pushed back from September 2024 to May 2025.
However, MSE said that some people have also received unexpected payouts recently which are not related to the car finance scandal.
The company was contacted by a number of drivers who were left confused after receiving automatic payments from companies including Black Horse, MotoNovo, and VW Financial Services.