Warning over easy insurance mistake that adds £100s to bills – and how to avoid it

HOUSEHOLDS are being warned about an easy insurance mistake which could add £100s to their bills.

Motorists are being throttled by huge 40% interest charges when paying for their insurance monthly, according to new research by Which?.

Home insurers also charge a whopping 35% APR on monthly payments, the consumer ground found.

The rates are similar to the amount charged by credit cards, piling extra pressure onto households as insurance costs soar.

Customers...