- The average driver pays £2,304 a year for cover without a no claims discount
- But this drops steeply once motorists start racking up these savings
Car insurance premiums now fall by £745 after just year of having a no claims discount – the highest figure on record.
No claims discounts (NCDs) are reductions in premiums that insurers grant when customers reach yearly milestones of not claiming on a policy.
The average driver’s 2023 car insurance bill fell from £2,304…
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