Car insurance costs could drop by £745 for drivers with no recent claims

The cost of car insurance could fall by £745 a year for drivers who haven’t made any recent claims.

Research shows that after a year of no claims, premiums can drop by 32%, with further decreases in the following years. After ten years without a claim, drivers could save an average of £1,772.

Julie Daniels from Compare the Market said: “While drivers could certainly make significant savings through a no claims discount, insurance premiums remain high even for…