You are here: Home - Uncategorized -

Motorists driven to wrong kind of insurance

Written by:

Research has revealed that many UK motorists are paying over the odds for third party car insurance when they could be better off choosing a fully comprehensive policy.

The figures, from, show that drivers aged over 35 with cars worth less than £2,500 are paying on average between £500 and £700 for third party cover and only £400-£500 on average for fully comprehensive cover.
James Harrison, chief executive, said: “The type of cover you choose can have a significant impact on the cost of your motor insurance and of your overall driving costs. Doing your homework could save you hundreds of pounds.
“Our research shows that people who perhaps don’t use their cars much or who lock them up safely are still opting for third party fire and theft cover when in fact they could pay less and be more protected with fully comprehensive policy.
“The cost of motor insurance premiums depends on a whole host of variables. Your age, occupation, postcode, driving history and parking arrangements all affect how much you will pay so do your research before you buy.”


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:
Plenty of frowns with Gordon Brown on the tax front

The main legacy of Gordon Brown’s 10 years as Chancellor has been increased taxes, according to a report compiled by accountants Grant...