Car Insurance Prices Increase By 5%. March 24, 2008
Posted by admin in : Car Insurance Articles , add a commentAuthor: Karl Bantleman
Article:
Recent figures released show that prices have increased by 5%
compared to last year, the main group that has ended up paying
considerably more is drivers aged between 40 and 50 who have
seen their prices rise by 7%. The average premium for British
motorists is now £497.26; however the under-25’s have to pay
over double this figure and charged an average of £1,255.
Finding cheap car insurance is still attainable despite the increase.
One of the best ways to find a better deal is by not being too
loyal; customers often accept the renewal quote from the current
provider without looking for alternatives. A well known insurer
recently showed that Brits were wasting an astonishing £1.9
billion by remaining with their original provider.
Couples can also get a better deal; a joint policy can save a
couple around £100. Changing your car plays an important role
in the calculating of your motor insurance.
All cars are given a rating of 1-20 depending on the cost
to repair, the power and the security features. Obviously, a car
with a rating of 20 will have a higher premium than a car with a
rating of 1. One more thing, although you don’t want to leave
yourself short, don’t throw your money away on extras that you
probably will never need.
Whatever deal you find, the increases have made shopping around
and comparing various car insurance deals even more important.
Shopping online enables customers to
find the best deals around and is the easiest and most efficient
way of finding the most comprehensive offers. There are ways to
reduce the cost of your insurance and in today’s financial
climate, taking advice can save you hundreds of pounds.
About the author:
Karl Bantleman is a UK based author with extensive experience
within the financial sector.
