Paying monthly for car insurance costs more

With motoring costs soaring, petrol now £478 more expensive than a year ago and with car insurance up four per cent, drivers are missing out on savings by paying monthly. The average annual car insurance policy now stands at £459.44, but is £506.76 for those paying monthly.

This equates to car insurance firms charging annual interest 23.8 per cent, compared to the current personal loan … Read More