Some people who can't afford to pay their insurance premiums upfront are being charged eye-watering amounts of interest to do so monthly, according to Which? research. With car insurance premiums continuing to soar - and prices of over £3,000 now typical for younger drivers - Which? has found that many who can't afford their premium upfront face interest costs of 30% APR (annual percentage rate) or more. This is comparable to the more expensive credit card rates. Among firms we surveyed in March, average APRs from those that charge interest an ...
What is young driver insurance? ; Young driver insurance is car insurance for drivers aged 17-24. It’s not a specialist policy or separate product, but it does tend to carry higher insurance premiums. ; Cheap insurance for young drivers tends to be trickier to find, compared to other age brackets, because less experienced motorists are viewed as a higher risk to insure. ; However, there are options that could help reduce the overall cost and allow you to find affordable young driver insurance.
Is car insurance for over 50s cheaper? ; Drivers over 50 are considered to be a lower risk than younger drivers. According to data from the Department for Transport, there were 9,142 road casualties involving drivers aged 50-59 in 2018. This compares with 11,400 road traffic accidents involving drivers aged 17-24. Because they’re less likely to take risks, such as speeding, there’s less chance of drivers over the age of 50 being involved in an accident. This means they can often benefit from...
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A Sandston, Virginia driver just saved on coverage for their Chevrolet Suburban with this quote from Mercury. ; Allstate's average rate for Virginia drivers with good credit and a clean driving record. ; We just helped a driver in Glen Allen, Virginia cover their Toyota Corolla with this quote from Dairyland.
1. Reduce your mileage ; 4. Pay your car insurance annually ; 5. Think carefully about additional cover ; 6. Increase your no claims bonus ; 7. Add an additional driver to your policy ; 9. Go on an advanced driving course ; 11. Take out car insurance at the right time ; 12. Do your research
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Passed your test and ready to get behind the wheel? Then you’ll need new driver insurance. Check out our guide to cheap car insurance for new drivers.
If you’re in the market for a new car, whether you’re buying new or second-hand, you should check out the cost of insurance before you set your heart on a certain make or model. There are numerous factors that affect the cost of the quotes you receive, such as your age, occupation, driving history and where you live. But one of the biggest influences on whether you can get cheap car insurance or not is the make and model of car you choose. In addition, you’ll also pay differing amounts for insurance depending on the model year, body style ...
In this article ; What is a 'no-claims' discount or bonus? ; Best car insurance policies for no-claims discounts and bonuses ; Best insurers for no-claims discounts and bonuses compared