Second hand vehicles offer car insurance savings, expert states

Wed, 22 Oct 2008

Drivers who switch to a second hand vehicle could end up saving money on their car insurance, it has been claimed.

According to Tina Shortle, marketing director at swiftcover.com, car insurance is cheaper for previously owned vehicles as depreciation means they cost less to replace.

The firm has also compiled a list of the cheapest cars to insure and these include the Smart Pure, Fiat Seicento, Skoda Fabia and Toyota Aygo .

According to Ms Shortle, people can save even more money by opting to take their car insurance with swiftcover.com.

She said: "Many of the premiums of our rivals were nearly 200 per cent higher ... so we were reassured that our pricing structure still manages to give the best possible value."

Yesterday, research by the AA showed that the average cost of a car insurance premium increase by £22 over the last three months.

The typical annual cost of car insurance now stands at £724.28, according to the body.
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