Motorists could be overpaying for car insurance by £1bn

The research, commissioned to mark one of the busiest times of the year for car insurance renewals, found that 19% of drivers simply read and file their insurer's renewal quote without comparing it against any competitors, either by phone, on the internet or by using a broker. This could lead to them spending a massive £1bn more for their insurance this year than they need to, according to Gocompare.

With 48% of drivers either dreading receiving their renewal quote or fearing that it will have