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

'Many ways' for car insurance customers to save

Thu, 31 Jul 2008
Despite speculation from MoneyExpert that the cost of an average car insurance premium could rise by up to ten per cent by the end of the year, an expert has asserted that there are a number of ways in which drivers can save.

Younger motorists may find that they can cut costs by opting to drive on their parents' car insurance policy, stated Peter Gerrard, head of car insurance at

Price comparison sites may also be a useful tool for drivers looking to ensure that they are getting the best insurance deal, he added.

Cashback schemes are another way to make a potential saving on car insurance costs, he said, explaining that as the car insurance market is becoming increasingly competitive, there are a number of good deals available for those who are willing to shop around.

Figures published by MoneyExpert have shown that around six million people have chosen to change their car insurance provider during the past half year in an effort to save money.

If you want to know how to find the best deal for your car insurance, finance or warranty click hereADNFCR-1081-ID-18711066-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