Consumers advised on how to keep insurance costs down
1st August 2008
Consumers have been urged to shop around to get the best deal on their car insurance as considerable savings can be made.
Cost comparison site moneysupermarket.com has said that insurers are becoming more competitive in the current economic climate so it is worth searching for better deals.
Peter Gerrard, head of insurance at moneysupermarket.com, explained that whilst there are other areas that people can cut back down on, car insurance is a "must".
Mr Gerrard said there are ways to keep costs down such as paying a higher voluntary extra "so if you do need to claim, you will gain a lower premium".
He also suggested "be accurate, as well, when you give the insurance company a quote about your mileage. Don’t just guess it; be accurate with it because it will have an impact".
Another price comparison site - confused.com - has revealed the importance of driving carefully to keep insurance costs down as they showed that premiums for those that have three points on their license can increase by up to ten per cent.