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Car insurance buyers advised to stay "savvy"

The inherent competitiveness of the car insurance industry means that shrewd customers will always be able to find a good deal, it has been claimed.

According to the AA, car insurance providers are under constant pressure to attract new business, meaning that consumers can potentially take advantage of "big discounts", despite the fact that premiums are expected to rise in the future.

The AA's quarterly survey of car insurance premiums recently recorded an average rise of six per cent for last year, with the "general trend" suggesting that this will continue to increase.

For those motorists unable to find a deal to suit them, or people struggling with the overall cost of running a car, a motor loan can often provide a convenient option, with Sainsbury's Bank reporting in May that one in six people intending to buy a second-hand car in the next six months will take out a loan in order to do so.

However, careful consumers can still find good prices from insurers, as AA public relations manager Ian Crowder said: "For the savvy insurance buyer, there is always a provider willing to offer low premiums to get your business."

See how much you could borrow with a motor loan from Lombard Direct.

19/06/2007 17:30:12

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