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Motor insurers slammed for ‘tax on the poor’ charging struggling drivers up to £370 extra just to pay monthly

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MOTOR insurers have been slammed for charging up to a £370 “poverty premium” on drivers paying monthly. Drivers who can’t afford to get an annual policy are being hit with interest rates as high as 53% APR, according to consumer site Which?. Customers are usually given the option to pay the full yearly cost of…

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