Financial experts are advising consumers looking to reduce their debt, to shop around for the cheapest car insurance available and only invest in the cover they need.
Paying your car insurance in one lump sum is significantly cheaper than making a direct debit on a monthly basis, as you don't have to pay interest.
Young drivers are also advised to look for 'pay as you drive' insurance which can work out signicantly cheaper, if you're not clocking up a high amount of miles.
The Independent has just released a new beginner's guide to car insurance, explaining the different policies available and the best places to look for cheap deals.