9 June 2008
British drivers are paying more for their car insurance premiums because they hand the cash over monthly, it has been claimed.
Service providers in the industry are taking home £624 million each year from these motorists, said uSwitch.com, while on average premiums have been raised by £19 in the last year.
Insurance Expert at uSwitch.com Ashton Berkhauer urged consumers to look at all the possible angles in car insurance deals.
"Of course, if you can't afford to pay for car insurance in one lump sum then this initiative could be a godsend. For those with more financial options, this really is an unnecessary expense which merely inflates the cost of the policy," he stated in terms of monthly deals.
He added that the general cost of living along with the price of petrol is really starting to hurt people in the pocket.
Last week, Rutland council stated that it was going to make amendments to sections of road there, developments that could also have an impact on locals' motor insurance.
© 2008 Adfero Ltd
Content for the uSwitch.com market news service is provided by a third party, Adfero Ltd. Whilst uSwitch.com makes reasonable efforts to check the reliability of this content, uSwitch.com does not guarantee the accuracy thereof or endorse the views or opinions given by Adfero Ltd, unless expressly stated otherwise.