The Martin Lewis Podcast
Car insurance up 41% on average, home insurance too, how to beat the hikes
Oct 11, 2023
Martin discusses the rising costs of car and home insurance and provides tips on getting the best deals. He also emphasizes the need for financial education in schools. Other topics include strategies to reduce car insurance costs for young drivers, taking breaks from social media and work, rising insurance costs and tips for home and car insurance, playing a game called 'money mastermind,' and understanding the impact of minimum repayments on debt.
54:00
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Quick takeaways
- Financial education should be a core part of the school curriculum to equip students with essential money management skills.
- To combat rising car and home insurance costs, consumers should shop around, compare quotes, and consider fixing repayment amounts to reduce debt and interest charges.
Deep dives
The importance of financial education in schools
Financial education needs to be a core part of the curriculum in schools from an early age. It is crucial for students to understand how money works, including the consequences of debt. Financial education should cover basic numeracy skills and go beyond just numbers, teaching students how to make informed financial decisions and manage their money effectively.
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