By Richard Guttridge
Millions of drivers are likely to be wasting money because of the way they pay for their car insurance. Many Brits choose to pay for their insurance in monthly instalments, rather than in one go. The reason for this is often the upfront cost seems unaffordable – and for millions of people it can be. READ MORE: DVLA makes vehicle tax change impacting millions of drivers POLL: Do you support a ban on pavement parking? But experts are advising motorists to think carefully about whether they can pay off insurance in one go, because it will be worthwhile. Not only will it save them having to make monthly payments, it often works out cheaper overall. Dan Jones, operations manager at DrivingExperience.com, said: “If financially possible, then paying annually rather than monthly, can help reduce the cost of the policy. “By paying upfront in one go, you can avoid monthly interest charges, potentially saving hundreds of pounds. Get all the latest motoring news sent to your inbox by signing up to our new newsletter here Dan added: “We see it time and time again – young drivers giving up before they’ve even got going because of the cost of insurance. “My message is simple: don’t get ripped off on insurance. “There are smart ways to save hundreds without cutting corners – from picking the right car to getting rewarded for safe driving.” Other tips for keeping costs down include adding an experienced named driver or choosing a car which is in insurance group one. You can also get all your favourite content from BirminghamLive on WhatsApp. Click here to sign up for breaking updates about the biggest stories in the region.