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Motorists driven to wrong kind of insurance

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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.”

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