{"id":1015,"date":"2015-02-13T09:00:35","date_gmt":"2015-02-13T09:00:35","guid":{"rendered":"http:\/\/blog.booktheorytesttoday.com\/?p=1015"},"modified":"-0001-11-30T00:00:00","modified_gmt":"2015-02-11T18:52:26","slug":"top-tips-to-slash-the-cost-of-motoring-3","status":"publish","type":"post","link":"https:\/\/www.booktheorytesttoday.com\/blog\/top-tips-to-slash-the-cost-of-motoring-3\/","title":{"rendered":"From the Mouth of Martin: Top Tips to Slash the Cost of Motoring &#8211; #3"},"content":{"rendered":"<p><span style=\"color: #000000;\"><em>Strap yourselves in wannabe petrol heads. With the help of money saving expert, Martin Lewis, Book Theory Test Today is hitting the road with 50 top tips that will cut your motoring costs. Tune in each &amp; every week for a new tip and remember to share with friends and family.<\/em><\/span><\/p>\n<p><!--more--><\/p>\n<p><span style=\"color: #000000;\">This week we\u00e2\u20ac\u2122re looking at paying monthly for your insurance. Did you know? Paying your car insurance monthly incurs an interest rate charge, it\u00e2\u20ac\u2122s true.<\/span><\/p>\n<h2><span style=\"color: #000000;\"><strong>Book Theory Test Today Cost of Motoring Tip #3 \u00e2\u20ac\u201c Avoid Paying Monthly<\/strong><\/span><\/h2>\n<p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.booktheorytesttoday.com\/book\/skip\"><strong>Book Theory Test Today<\/strong><\/a> says: \u00e2\u20ac\u0153Paying car insurance on a monthly basis is equivalent to paying a high\u00e2\u20ac\u201cinterest loan.\u00e2\u20ac\u009d<\/span><\/p>\n<p><span style=\"color: #000000;\">Money expert Martin Lewis demonstrates: \u00e2\u20ac\u0153If you\u00e2\u20ac\u2122re insurance premium is \u00c2\u00a31,000, but you\u00e2\u20ac\u2122re paying an APR of 25%, your insurance is actually costing you \u00c2\u00a31,140 a year once interest is applied.<\/span><\/p>\n<p><span style=\"color: #000000;\">To prevent paying more for your insurance, Book Theory Test Today advises that you pay the amount in full. If that\u00e2\u20ac\u2122s not an option get yourself a credit card with a lower interest rate. Or, as Martin says, \u00e2\u20ac\u02dcget yourself a 0% credit card for spending; making sure what you\u00e2\u20ac\u2122re repaying is substantial enough to clear the credit within 12 months.\u00e2\u20ac\u2122<\/span><\/p>\n<p><span style=\"color: #000000;\">When paying by credit, either in monthly instalments or in full, be sure to check that your insurance provider doesn\u00e2\u20ac\u2122t charge you a fee. However, it\u00e2\u20ac\u2122s likely that the fee is less than the one charged when paying by monthly instalments.<\/span><\/p>\n<h2><span style=\"color: #000000;\"><strong>How do the Big Insurers Compared?<\/strong><\/span><\/h2>\n<p><span style=\"color: #000000;\">Well, the awesome Mr Lewis carried out a comparison check and compiled details of the monthly APRS of the UK\u00e2\u20ac\u2122s biggest insurers. From highest to lowest, these are as follows:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Endsleigh \u00e2\u20ac\u201c 39.7%<\/span><\/li>\n<li><span style=\"color: #000000;\">Aviva \u00e2\u20ac\u201c 36.9%<\/span><\/li>\n<li><span style=\"color: #000000;\">RAC \u00e2\u20ac\u201c 29.9%<\/span><\/li>\n<li><span style=\"color: #000000;\">Hastings Direct \u00e2\u20ac\u201c 29.9%<\/span><\/li>\n<li><span style=\"color: #000000;\">Axa \u00e2\u20ac\u201c 29.6%<\/span><\/li>\n<li><span style=\"color: #000000;\">Privilege \u00e2\u20ac\u201c 29.4%<\/span><\/li>\n<li><span style=\"color: #000000;\">Prudential \u00e2\u20ac\u201c 24.1%<\/span><\/li>\n<li><span style=\"color: #000000;\">Churchill &#8211; 24.1%<\/span><\/li>\n<li><span style=\"color: #000000;\">Sainsbury\u00e2\u20ac\u2122s &#8211; 24.1%<\/span><\/li>\n<li><span style=\"color: #000000;\">John Lewis \u00e2\u20ac\u201c 23.5%<\/span><\/li>\n<li><span style=\"color: #000000;\">Co-operative \u00e2\u20ac\u201c 18.5%<\/span><\/li>\n<li><span style=\"color: #000000;\">Asda \u00e2\u20ac\u201c 14.5%<\/span><\/li>\n<li><span style=\"color: #000000;\">M&amp;S \u00e2\u20ac\u201c 9.9%<\/span><\/li>\n<li><span style=\"color: #000000;\">First Direct \u00e2\u20ac\u201c 0%<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Correct as of January 2015<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Based on these results, First Direct provides the best deal. However, if you can afford, Book Theory Test Today always recommends payment in full.<\/span><\/p>\n<p><span style=\"color: #000000;\">Book Theory Test Today offers an intermediary service assisting clients with booking a UK theory test, or practical test, at <a style=\"color: #000000;\" href=\"https:\/\/www.booktheorytesttoday.com\/?page=find\">test centres<\/a> across the nation. The service also supplies resources to help you prepare for your theory test \u00e2\u20ac\u201c Ready to take your theory test? Book your theory test online today&#8230;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strap yourselves in wannabe petrol heads. With the help of money saving expert, Martin Lewis, Book Theory Test Today is hitting the road with 50 top tips that will cut your motoring costs. Tune in each &amp; every week for a new tip and remember to share with friends and family.<\/p>\n","protected":false},"author":4,"featured_media":1017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[111,158,117,89,160,166,145,126],"class_list":["post-1015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-driving-insurance","tag-book-theory-test-today-2","tag-book-your-theory-test","tag-book-your-theory-test-online","tag-car-insurance","tag-cost-of-motoring","tag-martin-lewis","tag-practical-test","tag-uk-theory-test"],"_links":{"self":[{"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/posts\/1015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/comments?post=1015"}],"version-history":[{"count":0,"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/posts\/1015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/media\/1017"}],"wp:attachment":[{"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/media?parent=1015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/categories?post=1015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.booktheorytesttoday.com\/blog\/wp-json\/wp\/v2\/tags?post=1015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}