Car insurance costs on the rise
Unsurprisingly one of the biggest costs to motorists, car insurance, has risen in cost by 4.2% over the last 12 months according to the newly released Sainsbury’s Bank Car Insurance Index. This means the average customer can expect to pay out £486.43 per year now.
However this gets worse for males - who have an average car insurance premium of £518.46. Conversely due to the baffling belief in the insurance industry that males are more dangerous drivers, women can expect to pay £442.28.
But it could be worse you could be a driver under 25 with a whopping average insurance premium £1,253.71 - a rise of 11.2% in just a year. Those between the ages of 25 and 40 saw a 5.81% rise to an average of £609.56.
With this information in mind you would be forgiven for thinking that there was never a better time to ditch the car and hike to work, but thankfully by comparing the market you can shave huge amounts from your renewal quote - remember never take the first offer and shop around!