You are here: Home - Insurance - News -

Brits still opting for gas guzzlers

Written by:

Despite growing awareness over global warming, research from Direct Line Car Insurance reveals that 1.2 million motorists who intend to buy a car over the course of the next year will purchase either a people carrier or a 4X4.

In fact, motorists are four times more likely to buy a less fuel efficient vehicle than the more environmentally friendly hybrid or ‘eco’ cars this year.

With new car registration plates out on 1 March, many motor enthusiasts have already set their sights on securing one of their favourite brand new vehicles with over a fifth planning on purchasing a brand new car within the next 12 months.

When it comes to car brands the most popular brands are still Ford, Toyota and Vauxhall. Despite the recent trends for more retro style cars, the Mini comes at the bottom of the wish list. Conservative choices lead the way on colour with silver/grey topping the list, followed by blue and red.

Tony Chilcott, head of car insurance at Direct Line, said: “As a nation, we take pride in our cars and with new car registration plates available in the Spring, March is a popular time of year for people to purchase a new one.

“Choosing a more fuel efficient car can limit further damage to the environment, as well as provide financial benefits. And with ever increasing petrol prices, drivers are always looking for ways to cut the costs of motoring. If you are buying a new vehicle, it is quick and easy to amend your existing insurance policy. Direct Line is offering competitive quotes on brand new vehicles currently.”

Direct Line’s top tips on saving money when buying a new car include buying cars with smaller engines to take advantage of cheaper road tax and making sure tyre pressures are right to reduce fuel consumption. 



Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
BBA defends non-doms

Foreign workers in the UK contribute hugely to the economy and already pay income tax on their UK earnings, the...