£300 yearly difference ‘between paying monthly and annually for motor insurance’
by Vicky Shaw
Jan 24, 2024
3 minutes
Motor insurance customers who buy cover monthly can end up paying hundreds of pounds more than those who pay for policies annually – and the gap appears to be growing in cash terms – according to research from Which?
The consumer group used data from comparison website Go.Compare to find the average difference between prices paid by annual and monthly customers between December 2018 and September 2023.
In September 2023, those paying monthly for an annual policy
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