Research conducted by SmartWitness Incident Cameras has revealed the best and worst cities for car insurance premiums. The research is based on insurance for a 43-year-old married man with three children who owns his own home, parks on the street and works as a retail account manager.
Aberdeen tops the table where residents can expect to pay an average of £156.98 for car insurance compared to Bordesley Green in Birmingham where residents can expect to pay £1,101.62 in premiums. In fact, nine of the ten most expensive places for car insurance are situated in Birmingham.
Motor trade insurance is essential for those in vehicle sales or service, covering specific industry risks like customer vehicle liability and third-party incidents. Managing costs is vital, as high premiums impact profitability. Find out how you could reduce the cost of a premium.
To stay compliant as a young professional starting out in the motor trade industry, you will need a specialised policy tailored to the particular needs (and risks) of younger drivers. Read our guide to learn more.