However, this is the first decrease since 2014, and premiums are still far higher than they were a couple of years ago.

High insurance prices have been driven by a number of factors, including the doubling of Insurance Premium Tax from 6% to 12% in the past two years.

The good news is that more of us are shopping around for car insurance, encouraged by changes introduced by the Financial Conduct Authority in April 2017. These aimed to boost consumer engagement at policy renewal time and included a requirement to show the previous year’s premium on renewal notices.

So, if you’ve just got the dreaded renewal notice and your premium next year is looking more like a Premier League footballer’s pay cheque than the fee to insure a Volkswagen Golf, here are some steps you can take to get good cover for less - all quotes provided by Admiral Insurance: