Ex-smokers 'may have saved £8,500 in last two years'
www.moneynews.co.uk > Insurance > Ex-smokers 'may have saved £8,500 in last two years'
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Ex-smokers 'may have saved £8,500 in last two years'
Wed 24th Jun 2009
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According to figures calculated by Moneysupermarket.com, the average smoker has saved themselves £2,740 on cigarettes since the ban.
Furthermore, a 30-year-old male smoker would have to cough up £44.60 a month for critical illness cover, while his non-smoking counterpart would pay £27.70 - a saving of 42 per cent.
Head of protection for Moneysupermarket.com Emma Walker said: "In order to be classed as a non-smoker and therefore qualify for life-insurance premium savings, insurers insist on smokers having packed in for a full year."
This year's budget saw a two per cent rise in tax on alcohol and cigarettes - a move David Cameron said would "hit every drinker in every pub".
Click here for more insurance news
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