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

Motorists 'should shop around for car insurance'

Wed, 27 Aug 2008
Drivers looking to save when purchasing a car insurance policy should shop around for a good deal, according to a sector body.

The Association of British Insurers (ABI) has stated that savings can be made by scouring the market thoroughly for a good deal.

ABI spokesperson Malcolm Tarling stated that the cost of cover is predicted to go up, but the sector will still remain competitive.

He added that motorists should not be blinded if they see a cheap policy and instead make sure that it suits their needs.

"Shopping around is the best way of cutting the cost of your insurance. But make sure you shop around and find a policy that actually has the cover you want," the expert commented.

The ABI is made up of close to 400 companies, providing 94 per cent of the domestic insurance policies sold in the UK.

If you want to know how to find the best deal for your car insurance, finance or warranty click here.ADNFCR-1081-ID-18750915-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