Motor insurance: Drivers 'paying too much' for deals

Monday, 09 June 2008

Many drivers could be paying more than they need to for their motor insurance premiums, it has been claimed.

According to uSwitch.com, service providers in the industry are making £624 million on a yearly basis because some motorists are paying monthly and not yearly for products.

Moreover, the past year the average cost of a car insurance deal has risen by £19, the organisation stated, something that is adding to the cost of running a vehicle.

Insurance expert at uSwitch.com Ashton Berkhauer noted that if avoidable, drivers ought not to pay for their deals in instalments.

"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 commented.

He added that in recent times the general cost of living has gone up, along with necessary goods such as petrol.

In news that may concern those with cars, the council in Rutland recently said that changes to one road there could be made after a number of accidents.

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