MoneySavingExpert tool can cut UK car insurance by up to £350

Drivers in the UK can cut their annual car insurance bills by as much as £350 by using a comparison tool offered by MoneySavingExpert, the site said, as it rolled out features intended to show how different factors affect quotes. The guidance comes amid wider shifts in premium levels, with the platform noting prices are up about 40 percent since 2021 but have fallen around 10.5 percent over the last 12 months.

Car insurance is legally required in the UK. Police can issue a £300 fixed penalty and six penalty points to anyone caught driving without adequate cover, and court action can bring an unlimited fine and a driving disqualification. Those penalties underscore why many drivers renew policies annually, but renewals can be costly, with some motorists facing bills running into the thousands.

MoneySavingExpert said consumers should not automatically accept insurer renewal offers and can often secure better rates by shopping around. The site has added Price Impact Indicators to its Compare Car Insurance tool that aim to show which factors are most likely to affect a quote. The tool asks users to complete a single questionnaire and can autofill answers for those who have...