Motorists are missing out on cheaper car insurance because they fail to shop around, new research by RAC Insure said.

The research said 24% of motorists automatically renew cover with their existing provider rather than shop around for lower premiums.

Half of all consumers are also failing to get lower premiums when taking out cover on their home, the research said.

In the new regulatory environment, RAC Insure said premiums are on the rise. In order to get the best value for money consumers need to shop around.

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