This week we had figures from Admiral Group (ADM) which is primarily a car insurer that also happens to operate the price comparison site confused.com, see the insurance category to the right for more information on them. The results themselves were not that well received as they continue to be hit by falling car insurance premiums which has been going on for the last couple of years.
I don't want to write about that, I'm going to suggest ways you can save money so you have more available to spend or invest. You may not have realised that Car Insurance Premiums have been going down and if you wanted to keep track of this in the future then there is an index produced by the AA that you can check out. For your convenience I attach a copy of the latest quarterly report below which shows that car insurance premiums have actually fallen by 19.3% in the year to June 2014. This also covers home insurance premiums which might also help when you come to renew you home insurance too.
So the next time your Car insurance comes through do not let it auto renew or just pay up regardless. Check out the advice at moneysavingexpert.com which I'm sure you are aware of and which is now owned by the major independent comparison site moneysupermarket which is also an interesting stock, but perhaps more on that another day.
I used these services recently after my Car insurance company tried to put my premium up by nearly 12% despite the fall in premiums, my car being another year older and me qualifying for another year of no claims. In the process I managed to slash 31.9% off of my premium and got a years free breakdown cover thrown in too.
Finally for a cherry on top or the price of a cup of tea I got paid £1.95 by Quidco just for doing a search on confused.com which I would have done anyway. If you would like to to the same and get cash back on your car insurance quote and a range of other things to save you money so you have more to invest, then click on the highlighted link above to sign up if you can be bothered or are not already a member. In the interests of full disclosure I will get a small reward if you sign up using the link and then go onto earn £5 in cash back, but I have set it up so you will get a share of that too. This will I believe be larger if you sign up before the end of August - cheers have a great weekend.