How does that happen?
There are lots of things that determine the price of your car insurance premium – your age, your job, whether you’ve pimped your car and your postcode. It might seem unfair that where you live can impact your insurance, but insurance providers are all about calculating risk – the riskier your situation, then the more likely it is you’ll pay the price, simply because there’s more chance of you making a claim.
So for risk averse insurance providers, having an ‘M’ postcode means you’re going to have to dig deeper into those pockets when it comes to your car insurance. The average premium for Manchester drivers is £1,235 and it’s a close second to London premiums at £1,330. And if you feel like moving then head to the Isle of Man where the average annual cost of car insurance is just £267.**