Motor insurance customers who buy cover monthly can end up paying hundreds of pounds more than those who pay for policies annually - and the gap appears to be growing in cash terms - according to research from Which?

The consumer group used data from comparison website Go.Compare to find the average difference between prices paid by annual and monthly customers between December 2018 and September 2023.

In September 2023, those paying monthly for an annual policy faced paying around £309 more on average over the year than those paying in one go, according to the research.

The average annual cost of monthly payments was £892, while the cost of paying annually in one go was £583. In September 2022, the average gap was £251 (£738 for monthly payments versus £487 for paying annually).

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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