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How to reduce the cost of car insurance MoneySuperMarket data shows the average quoted premium for an annual fully comprehensive car insurance policy is £579 (September 2017), up 7.5% on the previous year. This increase in premiums makes it more important than ever to compare the best car insurance prices. Here are our top tips on how to reduce your premiums: Don’t auto-renew: UK motorists lose around £2.37bn by rolling over their policies with the same insurer every year. Compare quotes: Market research company, Consumer Intelligence, found that 51% of customers who search for car insurance through us could save up to £286 on their annual premium*. Increase your excess: Insurers are likely to reduce the cost of cover if you increase your excess. Just make sure your excess is affordable. Read our voluntary excess guide. Build a no claims discount: Most insurers reward drivers for claims-free driving. *51% of customers could save up to £286.06 Consumer Intelligence, September 2017
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