Insurance cost 'a major factor' for car buyers - Car insurance - News - Moneyfacts

News

Insurance cost 'a major factor' for car buyers

Insurance cost 'a major factor' for car buyers

Category: Car insurance

Updated: 26/11/2012
First Published: 02/04/2009

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 It is now over 6 months old so the content may be out of date.
The cost of car insurance premiums is one of the major things consumers consider before purchasing a vehicle, a poll has found.

According to research carried out by Swinton, the price of the car itself remains the most important factor.

But insurance cost ranked second, ahead of issues such as fuel economy and road tax.

Insurer development manager at the car insurance retailer Steve Chelton noted that the economic crisis has meant people are thinking very carefully before making a purchase and he advised potential buyers to get a quote before making a decision, in order to avoid having to pay a costly premium.

"There are many things to consider before buying a vehicle and being able to find cheap yet good value car insurance is one of them," he said.

West Midlands Police recently announced that it is cracking down on motorists who do not have insurance, as well as people who drive without a licence.

Compare car insurance providers

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 Any products featured may be withdrawn by their provider or changed at any time.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