Insurance cost 'a major factor' for car buyers - Car insurance - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

Car insurance costs soar by 9.3%

Car insurance premiums rarely show signs of falling these days, and latest research from Consumer Intelligence shows that the upwards march is only continuing, with average premiums having risen by a whopping 9.3% in the past year.

Don’t let car thieves get their presents from you

M&S Bank has warned motorists about leaving their gifts in an underinsured car, as they estimate that over £600 worth of presents and festive food could be up for grabs by car thieves this festive season.

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.
 
Close