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CAR INSURANCE: MARTIN LEWIS REVEALS MONEY SAVING TIPS Motorists can now quickly identify what may be causing their high car insurance charges or where money may be saved with the simple
tracker tool. Road users need to simply input basic information about their age, where they live and the value of their vehicle to get an up to date and accurate reading of how much they
should be paying for cover. Advertisement RELATED ARTICLES The tool, provided by car insurance site Compare the Market, can be accessed here and analyses prices across 409 regions to provide
an average price for each area. They have identified the Cornish region of Caradon as the region with the cheapest average car insurance premiums across the UK with a cost of just £469.86.
West Devon was found to be the second cheapest region with an average premium cost of just £471.26. South Hampshire, East Devon and West Somerset all saw average prices below £490 as
Norfolk, the Isle of Wight the Scottish Borders also noted affordable premiums. READ MORE: CAR INSURANCE SCAM: YOU COULD PURCHASE A FAKE POLICY TODAY Newham was the most expensive region
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understanding. You can unsubscribe at any time. Read our Privacy Policy Thank you for subscribing. London Borough of Newham was the most expensive area for car insurance cover with an
average cost of £1,463.74. Other London areas such as Tower Hamlets, Hackney, Brent, Haringey and Westminster all saw prices above £1,300. The figures are more than 300 percent higher than
the cheapest regions as the data revealed a dramatic regional divide. Compare the Market says this is because 90 percent of car insurance claims are made within five miles of a driver’s
home. RELATED ARTICLES Insurance firms will look at factors such as previous accident claims, how many uninsured drivers are in the area and how much theft and vandalism occurs nearby to
work out your overall perceived risk. Advertisement Factors such as where you work and how many miles you drive each year are also calculated to come to an overall policy price. Motorists
are likely to pay more for cover if the overall risk of damage to their car is greater. INCREASING COSTS Recent Compare the Market analysis found car insurance premiums have risen over the
past three months by an average of £23. The increase means the average cost of a policy is £730 per year in a further 113 more than the cheapest quite available on the market. According
to GoCompare, the recent increase goes against a recent fall in average car insurance prices which had decreased by £37 over the previous three quarters. The recent average of £707 was the
lowest level for three years after prices hit £697 towards the end of 2016. Dan Hutson, head of Motor Insurance at Compare the Market said: “Sadly for Britain’s motorists the recent
downward trend for cheaper premiums has stalled. “While premiums tend to be higher towards the end of the calendar year, claims inflation, mooted delays to whiplash reform and the change in
the way the Ogden rate is calculated could all be driving premiums up.” You could make massive savings in 2020 (Image: Getty) Compare the Market says motorists could make savings on their
car insurance premiums this winter by shopping around and potentially switching providers. Advertisement