Insuring a Ford Focus in Bradford could cost £1,265, but in Truro? That will be a mere £350. And it’s not just carsEd Atherton knows he has a fight on his hands every time he renews his annual motor insurance. With a job as a finance and administration assistant and a five-year no claims bonus, he should be a good risk. That he wants to cover a six-year-old VW Passat – a “bog standard family car” – should mean that his premium is unremarkable. The problem Atherton and his wife Jenny have is that they live in Salford, Manchester. When insurers discover this they start ramping up their premium quotes.Like thousands of motorists across the UK, they are being punished purely because of where their home is – even if they rarely claim on their policy. This isn’t just a problem for drivers: households in high-crime areas also face higher household insurance premiums, while those in flood-prone districts struggle to get cover at all, turning certain postcodes into insurance blackspots. Continue reading…
Source : theguardian.com
Read more…When the wrong postcode puts insurance out of your reach
