Car insurance comparisons crucial, expert notes - Car insurance - News - Moneyfacts

News

Car insurance comparisons crucial, expert notes

Car insurance comparisons crucial, expert notes

Category: Car insurance

Updated: 26/11/2012
First Published: 12/05/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Motorists planning to take advantage of the new vehicle scrappage scheme have been urged to carry out research before agreeing to any deals.

The government recently announced that £2,000 is to be provided to those trading in cars more than ten years old for newer models.

And esure car insurance has reminded consumers of the need to compare finance options and cover before making a decision.

Head of risk and underwriting Mike Pickard explained that drivers should "do their homework", as car insurance premiums will be affected by factors such as make, model and value.

"Motorists must make smart decisions when deciding on the right car for them and have a clear budget in mind at the outset," he said.

The advice comes after the firm found that 24 per cent of people would not get an insurance quote before making a purchase.

Recent figures from the AA indicated that the average car insurance premium rose by 1.3 per cent in the first quarter of the year.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Black Friday sees increased motor incidents

Today can be a day of big savings, but it could also end in tears, as research has revealed that motor incidents were up by 8.5% on Black Friday last year. It’s therefore extra important to keep an eye on traffic today, not just on bargains.

Whiplash crackdown could cut car insurance costs

Whiplash claims have rocketed in recent years, and they’re driving up the cost of car insurance. So it’ll come as welcome news that the Ministry of Justice is stepping in, and will hopefully reverse the trend.

Be extra cautious on the roads today

Today may be Halloween, but it’s also the first Monday after the clocks go back. According to Admiral, this traditionally sees a higher number of incidents on the road, and the insurer is urging motorists to exercise extra caution as a result.
 
Close