Financially savvy motorists need to shop around to get the best price on car insurance, according to a price comparison website.

Moneyfacts.co.uk said in a statement that as soon as drivers hand over their hard-earned cash for a new car, if not before, the process of finding the right deal should commence.

The website has undertaken research, which shows that in some cases up to £732 can be saved.

It found the saving by comparing what a 22-year-old male would pay to be insured to drive a Ford Focus Ghia.

The best price found was £595 and the worst £1,372.

The statement added: "Car insurance providers target certain types of customers.

"If you were to phone around for quotes, not only would you be wasting a large amount of time, you might not necessarily call the provider that could offer you the best deal."

It concluded by saying that savings made by making the right choices could help motorists treat themselves to some optional in-car extras.

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