Motorists making cutbacks, study shows - Car insurance - News - Moneyfacts


Motorists making cutbacks, study shows

Motorists making cutbacks, study shows

Category: Car insurance

Updated: 14/12/2012
First Published: 06/04/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

car insurance providers" title="home insurance">Car insurance customers are adopting a range of tactics to reduce their expenditure during their recession, it has been found.

According to research by Saga Motor Insurance, the average motorist is saving £17 each month - with people across the UK cutting out a total of almost £5 billion per year as a result.

The provider noted that rather than compromise on insurance policies, the 70 per cent of people who are lowering costs are doing so by reducing mileage (37 per cent) and searching for cheaper fuel (28 per cent).

Chief executive of Saga Group Andrew Goodsell remarked: "By adopting simple changes, such as washing cars by hand or checking tyre pressures more regularly, motorists can significantly cut their monthly outgoings," adding that the "practical steps" being taken are "a positive thing".

A recent study by Swinton revealed that the cost of insurance is the second most important factor for someone buying a car, after the price of the vehicle itself.

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 Any products featured may be withdrawn by their provider or changed at any time.

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