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No loyalty points for car insurance

Almost 60 per cent of respondents to's most recent Rate Alert poll reported that their motor insurance premiums had risen by over £20 at the last renewal, with 13.3 per cent saying their new quote was over £160 more than last time.Yet the website's records show that discerning claim-free shoppers can instead save five per cent on last year's premium price by choosing a different company.Richard Mason, managing director of Insure Channels said: "The biggest tip is to shop around and compare prices online. Every quote is different depending on the car you drive, where you live, etc. So enter your details to get an accurate picture of the money you could be saving."Mr Mason said that buyers are not rewarded for their loyalty when it comes to car insurance. Moreover, he explained: "Many insurers offer introductory deals - special offers that are only available during the first year. By searching for a new deal every time you’re due to renew, you could pick up these savings each time."The Post Office is a prime example of this, crediting new customers with £50 cash back just for moving to its insurance.

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