Step 3 - Annual Mileage If your annual mileage is, 5,000 miles or less, ask insurers if they offer discounts for agreed mileage restrictions.

Step 4 - Named Drivers Adding a named driver to your policy can increase or reduce your premiums depending upon named drivers age, sex and driving record. Adding a young driver will increase your premiums, particularly with a limited or poor driving record. However, adding a driver over 30 years old with a long and clean driving record can cut premiums, particularly if named driver is female!

Step 5 - Shop Around The biggest car insurance savings come from shopping around. This has been made much easier with explosion of internet. There can be massive differences between lowest and highest car insurance quotes for exactly same car and driver(s). Start off using good comparitive online car insurance quote sites like Moneysupermarket and Screentrade, take their best quotes and go direct to cheapest car insurance companies for more specific quotations.

Moneynet has been championing greater access to financial product information for consumers since 1997. The company hopes that information which is based on a ‘stage of life’, as well as encompassing technical details about a particular product, will be more accessible to visitors, encouraging them to seek best deal for their loan, mortgage, credit card and insurance.

Richard Brown, Chief Executive of Moneynet said of guides, “since 1997 moneynet has been at forefront of move to make financial information more accessible to consumer. As first personal finance website in UK to publish inter-active and comprehensive data on UK personal finance market we have always believed that consumer should be better informed. Our latest guides will add to existing library and help to further educate our users, making them better positioned to challenge product providers.”

# According to market research firm NOP World (nopworld.com)

Further information:

Contact: Jane Meares, Communications Manager Tel: 020 8313 9030 E-mail: jmeares@moneynet.co.uk/ Web: http://www.moneynet.co.uk/ Address: 2nd Floor, Sussex House, 8-10 Homesdale Rd, Bromley, Kent. BR2 9LZ