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Evening Standard
Evening Standard
National
Vicky Shaw

Some motorists who pay monthly for insurance ‘charged annual rates close to 30%’

Many motorists rely on monthly payments to afford essential car insurance cover, Which? said (Andrew Parsons/PA) - (PA Archive)

Some motorists are continuing to pay high interest rates when spreading the cost of their car insurance, according to analysis by Which?

The consumer group said some firms are charging annual percentage rates (APRs) comparable to expensive credit cards.

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