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Drivers 'could save money with multiple policies'

Drivers have been advised to consider reducing their car insurance premiums by taking out multiple purchase discounts.

Price comparison website MoneyExpert found that 13 per cent of car insurance providers offer discounts to those who choose more than one policy, giving them savings of up to 40 per cent.

The site suggested that those who take out additional cover could receive a discount of around ten per cent on their main policy.

Alternatively, it stated that people with additional cover could be entitled to money off their buildings and contents insurance.

Sean Gardner, chief executive of MoneyExpert, commented: "Loyal customers who buy a range of policies from an insurer are being rewarded and that's to be welcomed.

"It can make sense to put all your business with a company if you value the customer service."

The advice comes alongside recommendations from the Association of British Insurers, which has urged people not to use a mobile phone while driving.

Stricter punishments for those who are caught include three points on their driving licence, which could make their car insurance more expensive in future.

Click here to see how much you could borrow with a Lombard Direct personal loan.

Drivers 'could save money with multiple policies'

22/02/2007 16:45:45

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