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The Financial Services Authority (FSA) could soon be running awareness campaigns to make people more aware of the choices available when buying car insurance.

Car insurance is one of the most common personal finance products.

Research has shown that there are significant savings to be made if drivers shop around, but many UK consumers appear to lack the financial know-how.

Norwich Union found that 94 per cent of 40 to 50-year-olds felt that more needed to be done to improve financial education.

The government is keen to improve financial awareness so that consumers can get the most out of insurance products, savings accounts and investments.

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