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However, with 10 years' NCD the cheapest premium is £216.27, and this remains the same after 15 or even 20 years without claims.
As a result of today's news I suspect we'll see quite a few active networks jump to whatever the cheapest premium option is; I don't expect Ning to make it especially easy to port their data to a different service.
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The cheapest premiums often mask a high excess.
The "gold" and "silver" plans will be somewhat less generous, while those in the "bronze" category will have the cheapest premiums but may require high out-of-pocket costs and deductibles.
Older drivers are experiencing higher rises – typically up 15.3% over the year – but their average annual bill, as calculated by averaging out the five cheapest premiums, is much lower at £348.
A few pounds saved through a cheaper premium can be a false economy if you find you are paying out hundreds when claiming because of a very high excess.
Contact specialist brokers who may be willing to offer you cover even when the main market has turned you down or cover you at a cheaper premium than standard insurers have offered.
Then, says Foulsham, "you have the opportunity to explain the circumstances to a human being, who can put into context any incidents to insurers, which can, hopefully, deliver a cheaper premium".
They'll also offer cheaper premium package prices.
At the very least, this does offer some indication that customers are willing to pay top dollar for all the latest bells and whistles, even when a cheaper premium alternative is on the market at the same time.
Given the choice of it and his other options — one with a $930 monthly premium and another with a cheaper premium but a $17,000 annual deductible.
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