Older drivers can save £130 by switching car insurance

Shutterstock / Christian Mueller

New research has found that nearly a third of motorists aged over 55 don't bother to look for cheaper car insurance when their policy comes up for renewal – meaning that they potentially pay far more than they should to get their vehicle insured. Those who haven't changed their insurance provider for the last five years could typically save £130 every year by taking their custom elsewhere, Moneysupermarket has found.