Motorists can make “significant savings” on their car insurance bills with premiums cut by hundreds of pounds through one tip, according to experts at Compare the Market.
The price comparison site has revealed annual costs drop by an eye-watering £745 if drivers build up at least one year of no-claims discount.
Those who have not claimed a policy over the past 12 months could see a whopping 32 percent decline as a payback for staying safe.
The discount continues to rise the longer drivers stay away from incidents with a further £354 (23 percent) knocked off from year two.
A third year of no-claims discount could see an extra £219 (18 percent) taken off annual costs on average.
Julie Daniels, motor insurance expert at Compare the Market urged drivers to look into their no-claims policy to see whether they could make savings.
She explained: “The easiest way to check your no-claims discount policy is to look at the documentation provided by your insurer, which may have been sent in the post or might be available online.
“If you cannot find the details in your renewal notice or other paperwork, you may wish to get in touch with your provider directly.
“While drivers could certainly make significant savings through a no-claims discount, insurance premiums remain high even for motorists with no recent claims.
“It is important that any driver who is looking to save money on their car insurance compares deals and prices online ahead of their policy renewal.”
Compare the Market reassures motorists that they can usually take a no-claims policy with them when they change insurance companies.
This should be confirmed with a new provider when signing up while written proof of a no claims policy must be given.
Savings could be vital for motorists with fees continuing to rise amid the cost of living crisis.
However, Compare the Market research found that motorists with a no-claims policy in place will still be hit with increased costs.
Average car insurance premiums have increased by £546 (54 percent) year-on-year for those with one year of no claims in place.
Fees have increased by a hefty £441 (58 percent) for those with two years no claims and £342 (53 percent) for motorists with three years.
Motorists with ten years of no claims have also seen premiums rise by £186 (54 percent) on average.
