It seems that by paying monthly for car insurance is costing motorists £682 million more than it would by paying the total fee up-front.
Statistics found that almost a third of people currently pay for their insurance premium on a monthly basis, which in turn equates to an average additional cost of £88 for the privilege of doing so.
The statistics also show that the average interest rates among insurers was 23%.
To read the original article, simply follow the link below:
http://uk.cars.yahoo.com/news/insurance-costs-motorists-millions-100500263.html
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As always – stay safe out there!
Chris
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