Cheaper car insurance equals better car

Mon, 14 Nov 2005

According to a new survey, Car owners would be able to buy a better car if they shopped around for a cheaper deal on their car insurance.

Car insurance comparison engine Confused.com found that over 40 per cent of people who unnecessarily paid top rates for car insurance could afford a more expensive car using the money they would have saved if they shopped around for a better deal.

"While we don’t expect drivers to automatically upgrade their cars based on the money that they would have saved by finding the cheapest car insurance, our research does make a very important point, that unless you shop around for insurance, just as you’d shop around for a good deal on a new car, you could be flushing money down the drain." says Kate Armstrong, Managing director of Confused.com.

The website found that a driver who wanted to purchase a good car like an Alfa Romeo 147 could pay up to £14,655.42 including insurance.

However, had they shopped around for insurance they could have saved £407.58 - enough to upgrade to a 147 Spark Turismo.

The website www.confused.com said "Over 40 per cent of car owners fail to get a quote from anyone else other than their own insurance provider when they are due an upgrade".

On average, drivers could save £150 by shopping around says the website.
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