Car insurance prices have dropped to a new low as drivers are urged to 'take action' to save £461. Julie Daniels, motor insurance expert at Compare the Market, said many motorists would be "thrilled" that prices are finally falling, especially after such a long time with steep hikes. She added: "One specific tip I’d give to drivers who want to save money on their car insurance is it’s still important to compare prices and providers online first before renewing with your existing provider.
Whilst some drivers might see their renewal price drop, by taking that action to shop around, you'll see how much you could save by switching." The expert stressed the importance of comparing prices to see if they can cut their costs, with motorists saving up to £461 on their car insurance. All insurance premium data is sourced from Compare the Market.
51% of Compare the Market customers were quoted less than the cost stated for September 2023 and September 2024 respectively. READ MORE UK 'faces 10cm of snow per hour' with two parts of England covered Compare the Market was launched in 2006 and has grown rapidly over the past eighteen years to become one of the UK’s leading price comparison websites. Compare the Market provides customers with an easy way to make the right choice for them on a wide range of products including motor, home, life, travel and pet insurance as well as utilities and money products such as credit cards and loans.
Previously, Labour Party Transport Secretary .
