Drivers issued 5,000 mileage warning ahead of £160 charge

There's a £160 difference between driving 25,000 and 30,000 miles a year, a study has found. Motorists who reduce their mileage to between 24,999 and 30,000 will pay around £160 less, with £800 premiums ahead of Christmas, experts have revealed.

Greg Wilson, CEO of the price comparison site Quotezone.co.uk, noted that a simple way for drivers cut the cost of insurance is by checking how many miles they are covered for. He explained: "Our data highlights how mileage can be a huge factor in determining your insurance premium.

"Those who rack up more miles are statistically more likely to be involved in an accident or face mechanical issues, which is why insurance costs could creep up with the added risk. If you’re someone who drives a lot, it’s important to keep this in mind when budgeting your car insurance.

READ MORE: Drivers with dog in car face £20,000 fines after 'not understanding importance'

READ MORE: Older drivers warned they must keep item on them 'every time you drive'

READ MORE Eight popular beers will be axed from UK pubs

"It’s also vital to ensure that the information you’re inputting is accurate." He said: "It can be difficult to predict how many miles you’ll drive per year – the key is to keep an eye on it and update your insurance provider should your estimation start to change – failure to keep your policy updated could invalidate your car insurance altogether.

"It’s also important to help you find savings, if you predict you’ll do 5000 miles but in reality you do less than that, say 4000, then you could potentially save £40 a year." The average car insurance premium for mileages are as follows: Under 1,000 - £520.74, 1,000 - 4,999 - £528.60, 5,000 - 9,999 - £569.47 and 10,000 - 14,999 - £581.54.

The averages also include 15,000 - 19,999 - £609.68, 20,000 - 24,999 - £634.90, 24,999 - 29,999 - £636.32 and over 30,000 - £800.95. Car insurers and firms offer insurance based on a variety of factors, including mileage.