Car Insurance Cost
The cost of car insurance varies hugely – based on a number of factors including your age, years of experience, claim history, security features, repair cost and performance of your car.
In the UK cars are assigned to an insurance group and these groups vary from 1 to 50. 1 is the lowest and 50 is the highest. The average cost of car insurance is £481 per year.
Car insurance is available as fully comprehensive or third-party only. Fully comprehensive (also known as fully comp) has the most protection. Third-party includes fire and theft cover, plus damage of other vehicle(s) (but not your own) where you were at fault.
Most companies allow you to pay the insurance annually or monthly – monthly is almost always more expensive.