Annual premium: What does it mean?

How much you’ll pay for your car insurance if you decide to pay for the full year up front. If you’re able to do so, could save you money.

Annual premium: The long answer

An annual premium, in the context of car insurance, refers to the amount of money that UK drivers pay each year to maintain their car insurance coverage. It is the total cost of the insurance policy for a 12-month period.

The premium is determined by various factors, including the driver's age, driving history, type of vehicle, and the level of coverage chosen.

It is important for UK drivers to compare different insurance providers to find the most competitive annual premium that suits their needs and budget.