BRITS could get their hands on 20 months of FREE travel, breakdown and mobile phone insurance.

Martin Lewis has revealed Lloyds pays switchers a free £200 when they sign up to one of their benefit-packed bank accounts.

The cash boffin told his Money Show Live this is the banks ‘Silver Account’ membership.

At £10-per-month, you get EU family travel, smartphone and AA cover.

But because you’ve already got a free £200 from the bank – you essentially get the package free for 20 months.

The package covers multi-trip travel cover for Brits up to 65 and their families – including cancellation, medical costs and personal belongings.

You will also be entitled to AA Roadside Assistance across the UK, Channel Islands and the Isle of Man.

You can get cover for yourself and eligible family members in most vehicles whether travelling as a driver or passenger.

The deal also covers breakdown, faults, accidental damage, loss and theft up to £2,000 on your mobile phone.

The £200 sum will land in your account just ten working days after switching to a ‘Silver Account’.

But hurry, the free cash offer ends March 7, 2023, meaning you won’t be able to make the most of Martin’s saving trick if you miss the date.

It’s also important to know there are a number of factors that could stop you qualifying for the bargain.

You will not get the £200 deal if you switch to any other of Lloyds Bank accounts – it must be a ‘Silver Account’.

You will also be counted out of the deal if you have received cashback for switching to Lloyds Bank since April 2020.

You must start your switch by March 7, you will not be considered for free cash if you start after this date.

Existing Lloyds Bank customers also qualify for the package – but like new customers, they must chose a ‘Silver Account’.

You can switch to the membership package via Internet Banking or using the Mobile Banking app.