More new car insurance policies being taken out

Tue, 13 Apr 2010

New figures have shown that the new car market is continuing to grow, meaning more car insurance customers are having to change their policies.

According to the Society of Motor Manufacturers and Traders (SMMT), 397,383 new cars were registered in March, a 26.6 per cent increase on the figure from 12 months ago.

Of these new registrations, 12.2 per cent came from the scrappage scheme while 52.1 per cent were UK-built vehicles .

Paul Everitt, SMMT chief executive, said: "The UK motor industry has enjoyed a better than anticipated first quarter of 2010. A strong March performance was underpinned by the scrappage incentive and improving demand in the fleet sector.

"The coming months will remain challenging and headline registration numbers are expected to dip, but underlying demand will continue to improve slowly."

Swinton recently warned anyone looking to buy a new car that they could face a significant hike in the cost of their car insurance, especially if they are looking for comprehensive cover .
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