Buying car insurance on renewal date could be costing you more

Motorists who buy car insurance on the renewal date could be paying more than necessary, according to research conducted by MoneySupermarket.

After analysing over 13 million quotes given to motorists seeking to renew their cover, the comparison site found that drivers can save up to seven per cent (around £33 on average) if they bought new insurance more than two weeks before their policy expired.