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No motorist likes to see the cost of insuring their vehicle increase but that is what has been happening to car insurance in the last quarter of 2021 according to the well-known price comparison website MoneySuperMarket.com. If you own a motorhome then it is quite possible that you may be faced with seeing the cost of insuring your leisure vehicle go up as well as your family saloon that you possibly use on a daily basis.
According to the above website’s car insurance price index, in the 4th quarter of 2021 the cost of insuring a car with comprehensive cover rose to an average of £444 per annum. Yes, that was over 6% less then 12 month’s previous but it was £32 more than it was in the third quarter of 2021 when it was an average of £412 per annum. In both quarter 2 of 2021 and quarter 1 of 2021 the average amount paid by motorists for such cover was £402 per annum.
One of the reasons why premiums have gone up by quite a sizeable sum in the last quarter of last year may be as a result of the pandemic. If there are more people on the roads then this tends to result in more accidents which leads to a rise in insurance claims and payouts meaning that the insurers potentially putting up their premiums to recover some or all of this additional cost.
There are numerous factors that affect how much you are charged for your cover with one of these being your age. As a general rule, it is younger motorists who pay more for insuring their motor vehicles than the more mature, experienced driver. This is because, statistically, a younger driver with less experience is more likely to be involved in a road traffic accident.
In the last quarter of 2021 it was drivers in the 20 to 24 year age bracket who, on average pay more for their comprehensive car insurance with the average premium being £857 per annum. A motorist who is over 65 years of age pays the lowest premium with an average of £259 per annum.
So, if you require motorhome insurance for the first time or your motorhome cover is coming up for renewal, why not get in touch with us to obtain a no-obligation, competitive quotation.