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The Independent UK
The Independent UK
Albert Toth

Drivers set for £50 car insurance saving next year, experts predict

The average cost of motor cover could be set to fall - (PA Archive)

The cost of motor insurance could see a substantial drop next year as a key rate which helps set injury compensation payouts is changing.

The personal injury discount rate (PIDR) is used to help calculate how much defendants have to pay in damages to claimants and takes into account the potential returns that victims could expect to receive from their money over time from investing the cash.

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