's has been hit with another costly setback as his financial troubles continue.
Earlier this year, the 51-year-old, best known for playing Steve McDonald on the long-running soap, revealed he is repaying a £250,000 loan he took from his production firm.
Over the weekend, Simon took to Instagram to share that he was facing yet another eye-watering expense.
The was left stunned after receiving sky-high insurance quotes for his son’s 2010 VW Polo.
One quote came in at a staggering £7,000 a year, and another one at £4,000.
Sharing his frustration with his followers, Simon said: 'Moaning from sunny Cheshire.
Coronation Street's Simon Gregson has been hit with another costly setback as his financial troubles continue
Earlier this year, the 51-year-old, best known for playing Steve McDonald on the long-running ITV soap, revealed he is repaying a £250,000 loan he took from his production firm (pictured in ITV soap)
'Even the four grand, it's still miles more than the car is worth. How can the insurance be worth more than the car?
'I'm not great at Maths, but even I know that does not compute. What is that all about?
'This country, and car insurance, among other financial things, has gone crazy!'
It comes after the Daily Mail reported that Simon is reportedly on course to have to .
According to The Sun a recent report revealed the has repaid £18K over the last 12 months, with liquidator advising him that after 36 months the outstanding balance must be paid from the sale of his property.
Simon Gregson Productions Ltd also claimed that winding down the company cost £51K despite a cap of £44K being in place.
According to publication liquidators Begbies Taynor said: 'We have received £18,000 during the year under review in respect of the overdrawn Directors loan account which is in line with the terms of the settlement agreement.'
'We have been unable to conclude our duties during this period, in view of the balance outstanding on the Directors loan account. Consequently, the administration of the case will continue into the next period.'
It comes after the Daily Mail reported that Simon is reportedly on course to have to sell his home amid his financial woes (pictured in 2023)
Last year the actor was forced to refute claims that he has split from his wife Emma Gleave, blaming a 'court paper error' for the confusion surrounding the status of their relationship (both pictured 2010)
Daily Mail contacted Simon's representatives for comment.
The actor first appeared on Corrie in December 1989 when he was just 15-years-old, and instantly became a household name as millions of viewers tuned in to watch his exploits as tearaway teen Steve McDonald.
Simon previously admitted that shooting to fame on the soap .
Speaking to YouTube channel DEEP, he discussed the impact joining the show at that time had on him, revealing that the thought of his own kids going through what he went through makes him very 'upset'.
Speaking about his and co-star Nicholas Cochrane who played his brother Andy's rise to fame, he shared: 'We were massive overnight and it was very odd and it was hard to compute for a young man. But there was no help!'
Simon went on to say that nowadays when people are cast on the soap, they are sat down and have the implications of being on TV explained to them, with the show informing them about things like press interest, fan reactions, the impact on families and potential criticism of the role.
He added: 'But with us, there was nothing. So we were kind of dropped in the middle of the ocean at fifteen and left to swim to shore.'
