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 'can take steps to reduce car insurance costs'

Fri, 31 Jul 2009
There are a number of ways motorists can keep car insurance costs down, it has been suggested.

According to the British Insurance Brokers' Association, drivers need to think about the kind of autos that tend to qualify for cheaper cover.

The group also urged people to consider opting for a policy that allows them to protect any no-claims bonus they have.

In addition to this, motorists were encouraged to speak to a broker before making a decision.

Biba suggested this was probably a better option than relying on a price comparison website, as choosing the right policy does not necessarily mean opting for the cheapest cover available.

Head of technical services Peter Staddon commented: "When buying online, aggregator sites make assumptions and this can create problems."

This comes after the AA revealed car insurance premiums are increasing at their steepest rate in nearly a decade.

According to the group's premium index, the cost of cover has risen by more than one per cent every month in the last quarter.

If you want to know how to find the best deal for your car insurance, finance or warranty visit our car insurance calculator.



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