Over the past year car insurance premiums have rocketed - the AA have just reported that the average is now approaching £900, and for drivers under 23 its almost £2500!
Whilst we have in the main been able to cancel out any significant premium increases by helping customers shop around using our car insurance comparison service we have also been struck by the rising cost of paying premiums monthly rather than annually. Some insurers are now charging an APR of well over 30% for the privilege, and for a young driver that could mean an interest bill alone of £350+!
If you are faced with this do read our article on the the rising costs of monthly car insurance premiums, where we have come up with innovative ways of beating the insurance companies.
Saturday 23 April 2011
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