Low-income households who cannot afford to pay their annual car insurance bill in one outgoing are being hit with a £300 penalty for paying in monthly instalments CallumCMason reports:
annual car insurance bill
Monthly bill payers paid £757.60 each year, compared to £455.49 for annual payers, a gap of £302, according to data from November, analysed by consumer championsThis is a greater gap than three years earlier, when customers paying monthly were charged £673 on average for a year’s cover, while those paying upfront paid £456.pay for their insurance monthly
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