Sainsbury's Bank has launched a car insurance index to track market premiums on a quarterly basis.

According to Sainsbury's, the index showed that:

·Market average car insurance premium was £458.92

·The difference in average premiums between the 25% most expensive car insurers and the 25% most competitive was £108.55

·Motorists switching to the most competitive 25% insurers could collectively save up to £1.17 billion in premiums per year

·Women pay around £92 less on average for car insurance than men


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