Insurance providers 'are looking at ways to reduce prices'

Vehicle owners who struggle to find cheap car insurance may be pleased to hear providers are looking to take steps that could help reduce the cost of cover.

The Association of British Insurers said outgoings for companies who offer protection to motorists have risen over recent times.

However, it pointed out firms were keen to reduce costs - and if this is possible the price of premiums may start to come down.

The group claimed eliminating unnecessary legal fees could be one way to make insurance cheaper.

It explained for every £1 providers shell out to motorists who have been hurt in accidents, typically another 40p goes to the law profession.

Spokesman Malcolm Tarling said: "We believe that the vast majority of non-contentious personal injury claims can be settled just as quickly without the need for lawyers to be involved."

Meanwhile, drivers struggling to secure cheap cover may find some of the most competitive deals are available online.

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