“Martin Lewis’ advice saved me £286 on my household bill in 30 minutes” | Personal Finance | finance

A Martin Lewis enthusiast has confirmed a foolproof strategy for achieving significant reductions on household staples.

A reader named Karen reached out to the Money Saving Expert website to share her story. She revealed her shock at a new home insurance quote that had left her and her spouse speechless.

Karen said: “Our automatic building and content renewal reminders came with a 52 percent price increase. Even my husband commented 5 ‘Wow, that’s a hike.’

However, Karen said she avoided paying the increased fees, following Martin’s advice.

She told the MSE website: “I checked your action steps and 30 minutes later I had saved £286 on an exact similar policy.”

Expressing gratitude, Karen credited MSE with her advice, derived from a previous issue of MSE’s newsletter that addresses challenges facing subscribers.

With home insurance costs rising to unprecedented levels, a situation that has persisted over the past twelve months.

Consumer Intelligence sees small recent declines of one percent, suggesting a possible slowdown.

However, MSE and its founder Martin have consistently advised households to pay close attention to home insurance costs, especially as the cost of living crisis forces many to pinch every penny.

The quartet of steps that allowed Karen to cut her bill can also be found on the MSE website.

The guide begins with a caution against the common mistake of auto-renewing insurance policies, as money-saving experts advocate for Britons to use comparison websites when considering insurance renewal options, Lancs Live reports .

Using multiple comparison sites can improve your chances of getting the best deal for your home and budget. In addition, MoneySavingExpert (MSE) suggests that you compare your best options from these platforms with a quote from Direct Line, which does not appear on comparison sites.

The next comparison to consider is with cashback sites, which can offer you a financial benefit on specific offers, with platforms such as Topcashback offering £35 when you shop through their comparisons.

Finally, experts advised using a rebuild cost calculator and a contents calculator to ensure you get the right level of cover for your property.