On average, motorists cut the cost of insuring their car by a third, making a typical saving of £151.97, but savings of up to £607.99 were achieved and Consumer Intelligence’s research found that 10% of drivers could reduce the cost of their insurance by 50%.
Andy Leadbetter, head of insurance at moneysupermarket.com, said: "Such a disparity in prices emphasises the need to compare quotes when looking for insurance and the easiest way to do that is through a comparison site. Moneysupermarket compares quotes from over 60 direct motor insurers and brokers. By using our comparison tool motorists can therefore maximise their chances of finding the best value product for our needs."
Moneysupermarket.com has also recently added a new feature to its motor insurance comparison tool which enables customers to compare the policy details of up to five providers at any one time. This means they can easily identify which policy offers them the most suitable level of cover as well as the best price.