With many drivers seeing big increases in the cost of their car insurance, it’s never been more important to shop around, particularly when they get older. A new analysis by consumer organisation Which?, to be published next week, has found that failing to switch to a cheaper insurer once you hit 65 could cost you as much as £500 a year.
Its findings coincide with a series of reports showing that the cost is going through the roof. Average premiums have jumped 8% in just three months, from 1 April-30 June, which is equivalent to a £66 rise, according to the website Confused.com this week. It warns that “there is every possibility prices will be the most expensive on record by the end of the year”.
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