Although it is an essential for many adults in the UK, the cost of running a car can be a significant drain on people's finances.
There are many costs associated with running a car, however car insurance is one of the most significant. In recent years, annual premiums have been some of the highest on record - with car buyers having to fork out more than ever for cover.
But according to car insurance company, Compare the Market, the annual rates of insurance premiums have fallen by £221 year-on-year, though it remains high for many age groups.
It is a legal requirement to have car insurance as it protects you from any financial mishap if you are unfortunate enough to be involved in an accident.
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