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Car Insurance -
Drivers to Go Green for Cheaper Car Insurance - 02/05/2008 |
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As car insurance premiums rose in the last year affecting more than a quarter of drivers, many are planning to go green in order to cut costs, it has been found.
Research from MoneyExpert.com revealed that one-in-four drivers pay more for car insurance this year than in 2007. The average policy rose by 6 per cent to approximately £682, just as experts predict it would rise further by as much as 10 per cent by the end of the year.
Unless consumers shop around for and compare car insurance quotes they would end up paying more than they should, the comparison site warned.
28 per cent of respondents said they accepted the increase without question, while about 30 per cent admitted to changing to another insurer to find a cheaper deal when the increases were introduced.
Sean Gardner of MoneyExpert.com lamented that most drivers faced by an increase in car insurance premiums of more than double the rate of inflation simply accept it and do nothing about the increase.
“The pressure on the family finances is building from all sides with mortgages and supermarket bills rising. Any chance to save some cash should be grabbed with both hands,” he advised.
In a similar development, Tesco Compare Car Insurance has revealed that two-thirds of drivers would opt for a more environmentally friendly car to bring down costs.
While 21 million people said they would consider it if it came with a price incentive, two million said they already drive a green car.
To be persuaded to buy a green car, drivers said they would be influenced by cutting down cost rather than cutting down gas emission to save the environment. At least 62 per cent said they would be won over if tax was reduced for greener cars.
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