Young drivers, in particular males, may wish to shop around online for car insurance to find the best deals.
That is because Joe Chute from Berkshire was quoted £72,000 for car insurance on his W-reg Vauxhall Corsa.
He told the Sun: "If I had that kind of money, I wouldn't need to drive. I could get taxis everywhere or hire a chauffeur.
"Insurance companies are punishing me because of my age and where I live."
He received this quote from First Central, which told Mr Chute that he could pay monthly installments of £5,540.
Fortunately, Mr Chute was able to find more affordable cover for his 1.0 litre car for £2,469,09.
It is thought that the area in which Mr Chute lives has a high number of uninsured drivers, which pushes premiums up locally.
According to a spokesperson for First Central, Mr Chute did not fit its customer profile and that some groups of people are priced out as the firm does not want to insure them.
Recent research by Admiral found that rear-end bumps are occurring more often on British roads.
This can be bad for drivers as they will have to claim on their car insurance if their vehicle is damaged or the other motorist is not insured.
Sue Longthorn, managing director of the car insurance firm, stated that drivers need to be vigilant about slam on accidents, which occur when fraudulent drivers unexpectedly stop, causing the car behind to crash into them.
Claims made following these accidents can add around £44 to every drivers' car insurance premiums.
Those who need to renew their car insurance may want to shop online for a new deal rather than automatically renewing them with their current provider.
They can do this by using the price comparison site MoneyExpert.com, as consumers can enter their details once to see a list of the current deals available.