You are here: Home - Uncategorized -

Motorists driven to wrong kind of insurance

0
Written by:
04/06/2007

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 Insurancewide.com, 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.”

Tagged:

Tag Box

Debt

Pension

Spending

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

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

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...

Close