Young drivers may end up experiencing credit card charges if they are unable to pay for their insurance policies and turn to this form of finance to foot the bill.According to the Confused.com/ Towers Waston Car Insurance Price Index, the average annual policy for a single man aged between 17 and 20 is now over £4,000.Gareth Kloet, Head of Car Insurance for Confused.com commented: "For young male drivers it has never been more important to shop around for the best price."The research also showed that the price of policies has increased in general, with the average comprehensive car insurance policy now being £858 per year, a rise of £170 compared to last year.People in the age group 29 to 33 have seen the biggest increase this quarter.This research follows news that petrol prices are set to increase further.The AA said petrol now costs 136.40p per litre, just 1p off the record high of 137.42p seen in May.John FieldmanHaving worked in the city for 19 years, John's main focus is interest rates and corporate finance.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.