Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Eco-friendly vehicles 'do not always receive cheaper cover'

Fri, 16 May 2008
Buying a vehicle which is environmentally-friendly does not always mean drivers will get a cheap car insurance deal, it has been claimed.

According to the British Insurance Brokers' Association, the size and grouping of an automobile is much more likely to affect the cost of cover than the automobile's carbon footprint.

Technical and corporate affairs executive for the group Graeme Trudgill commented that an automobile's environmental credentials are not be a "major factor" in car insurance.

He said: "Smaller cars, which therefore give out less pollution, are automatically going to be cheaper to insure but it doesn't necessarily mean that a green one is going to be hugely beneficial financially on your insurance."

This comes as research from recently found that more people are buying environmentally-friendly vehicles.

According to the group, three per cent of models bought benefit the environment in some way.

To find out what Honest John has to say about buying at auction click here.ADNFCR-1081-ID-18597718-ADNFCR


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH