Money saving tips offered as car insurance stays high

Wed, 06 Jul 2005

With car insurance premiums staying at the high average of £579.57, price comparison website Insuresupermarket.com is offering motorists money saving tips.

After the spate of increases in car insurance premiums last year, Insuresupermarket.com has found that car insurance premiums have stayed largely flat this year.

"The continued pressure on the market from uninsured drivers and increased consolidation means the big players are continuing to dominate the market, and premiums are staying high as a result," commented the website's director Richard Mason.

He warned however that even though the fast increases we saw last year have come to a halt for now, slight rises in car insurance premiums are inevitable as car insurance providers need to cover their costs.

Insuresupermarket.com has found that drivers can save between 12 and 15 per cent on car insurance premiums if they add an older driver to their car insurance.

A further 15 per cent could be saved through reduced mileage, like sharing your car or telling your car insurance provider if you only use your car during the weekend.

Think twice before making a claim, as it could add up to 23 per cent to car insurance premiums. But also, protecting your no-claims bonus adds between six and 17 per cent to your car insurance premium.

"Consumers need to continue to seek out the most competitive quotes for their motor insurance," Mr Mason urged.

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