Three smoke-free years could see ex-smokers save £9150 on the cost of critical illness insurance and cigarettes, according to moneysupermarket.com. Considerable savings can also be made on life insurance. Since the smoking ban came into force, in July 2007, a smoker could have saved themselves £4,190 on cigarettes by going smoke-free. Despite this, recent statistics reveal fewer smokers have been giving up.
Emma Walker at moneysupermarket.com says, "Three years on the benefits of kicking the habit remain for your pocket as well as your health. The potential difference in the cost of protection premiums is vast, but in order to be classed as a non-smoker and qualify for life-insurance premium savings, insurers insist smokers have packed it in for a full year. Once smokers have given up for 12 months they should go back to their insurer and ask for non-smoker rates. The better your health, the cheaper your premium."