Car insurance in London is a joke, and the joke is on you. The average premium for a postcode in Zone 2 is around £1,200-£1,800 a year. For a new driver? Double that. And if you have a sporty car? The insurers will ask for your firstborn child.
Easy London Budget Calculator: How Much Does it Cost to Visit London?
Also, forget about a “no claims bonus” discount if you park on the street. Theft and vandalism rates are high in the city. Your car might get a new aerial, or a new window, or a new life as a parts donor.
One friend of mine pays £2,400 a year to insure a 10-year-old Fiat 500. That’s more than the car is worth. Absurd? Yes. But that’s London for you.
