DRIVERS in London pay almost twice as much for car insurance than those living in the South West, new figures reveal. Typically, motorists in London fork out £1,102 a year for - £366 more than the national average of £736, according to comparison site CompareTheMarket.com. Drivers in the South West of England spend the least on cover at £557, which is nearly half the amount those in the capital pay for the same policy. The comparison site compared premiums sold around the country between the start of 2018 and 2019 to find out where you'd need to live to take out the cheapest car insurance. The second cheapest region for cover is Scotland, where on average drivers pay £581.24 a year - 21 per cent less than the national average. Motorists in Wales are the third cheapest at £673.34 for annual cover, while those in Northern Ireland pay only £14 more than the national average. How to save on car insuranceCAUGHT driving without insurance will see you … [Read more...] about Drivers pay DOUBLE for car insurance depending on where they live – the most expensive regions revealed
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Single mum slashes £917 car insurance quote by £550 a year with ‘pay as you drive’ policy
A SINGLE mum from Slough has revealed how she slashed car insurance bill by almost £550 a year with a "drive as you go" policy. Masika, 26, was quoted an annual policy for £917 but it was "too much" on top of her other bills, reports the Mirror. She'd taken on a new job which meant she'd no longer be driving the 120 miles a week to the office and would only use her car for around 10 miles a week taking her son to nursery, shopping or to see friends and family. Her train fare costs £3,500 a year and she couldn't afford the almost £1,000 a year bill she was quoted for car insurance as well. "I work full time and I pay almost £800 for childcare on top of household bills of around £1,200 before food or even considering any social outings for my child and I," Masika said. At first, she considered selling her car but instead ended up looking into a "drive as you go" policy. How pay-per-mile policies workTHE pay as you go model means you're only charged for when … [Read more...] about Single mum slashes £917 car insurance quote by £550 a year with ‘pay as you drive’ policy
Car insurance firms charging drivers £233 more for driving less
The average driver in the UK only clocks up 7,134 miles a year behind the wheel - but pays more for their car insurance than people driving almost double that. That's according to a new study of insurance costs compared with miles driven. Moneysupermarket.com ran an 2.5million quote searches to find out how mileage affected car insurance prices, only to find that people driving 12,000 miles a year paid £233 less than those driving between 5,000 and 6,000. And millions of people could be overcharged as a result - with 19 million drivers falling into the "low mileage" category, seeing the potentially paying hundreds more than they could. This held true across ages and experience, with younger drivers and older drivers both paying more for driving 5,000 miles than 12,000 miles. Even those with more than six-year's no-claims discounts built up paid more for driving less. Technology to the rescue There are many potential reasons for the gap between miles driven and pounds paid in … [Read more...] about Car insurance firms charging drivers £233 more for driving less
7 secrets of car showrooms as revealed by an insider
It's fair to say car salesmen have a bit of a reputation. From Arthur Daley to Matilda's dad Harry Wormwood, they're often depicted as other than entirely honest. But what if you could use their experience to benefit you, rather than them? Well, to help you do exactly that, Admiral Car Finance found four highly experienced car salespeople from across the country and got them to reveal exactly what you need to know to walk away with the best deal possible. Admiral Car Finance chief executive Scott Cargill said: “Buying a car is an exciting but often expensive process and while we all want the best deal actually getting it can be a daunting process. “Using the advice from the expert panel should go some way to helping consumers understand the secrets of the showroom and what they can do before, during and after the purchase process to put them in the best position to strike a good deal." The insiders Between them this panel has 65 years' experience selling cars to … [Read more...] about 7 secrets of car showrooms as revealed by an insider
How to avoid hidden car insurance fees that cost up to £50 a year
DRIVERS are being charged up to £50 a year in hidden fees when they update their personal details midway through an insurance policy. Customers who make changes mid-policy, such as adding a named driver, changing your phone number or updating your home address, are being hit with extra costs called "adjustment fees" - and they're on the rise. The number of insurers charging these kind of fees is up 73 per cent from 68 per cent in 2015, according to new analysis put together by financial data company Defaqto for LoveMONEY. The amount insurers charge has also shot up to almost £50 compared to typically £20 four years ago. Motorist are also being slapped with another fee just to renew their insurance, with the number of policies imposing the payment rising to 30 per cent, up from just eight per cent four years ago. Typically, insurers charge between £20 and £29 for this service but around five per cent of them charge £50 or more. The fees are "hidden" because … [Read more...] about How to avoid hidden car insurance fees that cost up to £50 a year