Despite three quarters of British drivers having earned 4+ years no claims discount, only around half (55%) actually shop around for their insurance to ensure they're being fully rewarded for their safe-driving record every time the renewal notice drops through the door.
And with an average saving of £127.52 made by those motorists with 4+ years no claims discount at their last renewal, policyholders not shopping around run the risk of missing out on a combined total of £1.4 billion in savings compared to those who do research their insurance premiums.
Casting a doubt on their reputation as a frugal nation, it's the Scots who are missing out the most with over half (52%) not shopping around.
Meanwhile, drivers in the North West are the most likely to make the most of their safe driving with almost two thirds (62%) researching the best deal every year.
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