Car insurance customers paying monthly risk £300 penalty

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Car insurance customers who can’t afford to pay upfront being hit by £300 penalty, Which? warns. Photo: Getty

Drivers paying their insurance on a monthly basis are being charged £300 more than those who pay annually, according to new research.

In November 2019, customers paying monthly were charged £673 on average for a year’s cover, while those paying upfront paid £456, a difference of £217, consumer body Which? said.

However, in November 2022 the difference increased to…

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