Motorists can make significant savings on their car and van insurance by shopping around, the Association of British Insurers (ABI) has said.
A spokesperson for the ABI responded to recent research that suggested insurance premiums are on the rise by stating that shopping around is the "best way of cutting the cost of your insurance".
Recent research by Sainsbury's Bank revealed that between July 2007 and June 2008, the average car insurance premium has increased by 5.8 per cent.
In response Malcolm Tarling, spokesperson for the ABI, said that it is a "very competitive market".
"If one insurer has to put their premiums up, which is an action that no insurer wants to do, it doesn't mean to say that every insurer will follow suit," he furthered.
According to the Sainsbury's car insurance Index, drivers aged over 65 saw an average rise of ten per cent on their insurance between July 2007 and June 2008, which equated to the highest rise of any age group.
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