You probably keep a careful eye on your household expenditure especially in the current financial climate here in the UK with the cost of living being so high and most things costing more to buy. You will be disappointed to read that car insurance premiums continue to rise and if they are going up it is quite possible that the cost of insuring your motorhome is going to increase.

If you do own a motorhome then almost certainly you will also have to pay to insure your family car. So, if this is the case, you are being affected twice potentially.

The car insurance price index that is produced every 3 months by Confused.com gives a little cause for concern when you look at how much car insurance premiums have been going up. The most recent index published this month covering the first quarter of 2023 shows that the average premium for car insurance is £657 per annum. This is £107 per annum more than 12 months ago and is the highest premiums have been for 12 years.

As you will probably be aware, there are so many factors that impact upon how much insurance companies charge for car insurance such as the make and model of the car, its value, where you keep the vehicle overnight, your age and where you live.

With regard to age, as a general rule, it is the younger motorist who usually ends up being charged more for their cover. For instance, if you read the above index, you
will see that the average amount paid by an 18 year old is £1,845 per annum but a 30 year old pays an average of £886 per annum. One of the reasons why younger drivers tend to pay higher premiums is because he or she is more likely to be involved in a road traffic accident.

The location of where you reside is relevant as insurers have statistics showing which postcodes involve more claims for the likes of vehicle theft. For instance, if you live in Inner London then the average premium is £1,067 per annum. The next most expensive region is Outer London where premiums average £845 per annum. The third most expensive region is Manchester/Merseyside where premiums average £814 per annum.

There are many insurance companies offering motorhome insurance so make sure that you shop around to try to find a good deal. In this respect, why not get in touch with us today to discuss your requirements and obtain a no-obligation, competitive quotation.