Sainsbury's Bank: Car insurance premiums have fallen

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Sainsbury's Bank: Car insurance premiums have fallen

Sainsbury's Bank has released research which shows that car insurance premiums have fallen in recent months.

The supermarket bank found that the average car insurance premium in the UK fell from £514.36 in June last year to £498.22 in December - a reduction of 3.1 per cent.

However, Sainsbury's Bank also found that insurance premiums had increased for those under the age of 25 and over the age of 65 - by 2.2 and 2.6 per cent respectively - during the same period.

Joanne Mallon, Sainsbury's Car Insurance manager, said: "The average motorist is still looking at around £500 to insure their car so it is important for them to shop around for competitive insurance."

Recently, the AA revealed that the heavy snowfall which affected many parts of the UK caused an increase in the number of car insurance claims.

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