New vehicle car insurance reminder

Wed, 24 Mar 2010

Motorists have been urged to keep car insurance in mind as they rush to purchase a new vehicle.

With the Car Scrappage Scheme set to end soon and the release of '10' number plates also around the corner, there is expected to be a surge in sales of new cars .

However, Defaqto has said that people need to be careful that their car insurance includes options such as 'new car replacement cover', which is currently not found in eight per cent of policies.

Mike Powell, insight analyst at Defaqto, said "If you're buying a brand new car then we'd say 'new car replacement' is an essential feature to look out for when buying your insurance .

"This benefit means that if your new car is damaged and the cost of repair is above a certain percentage (typically 60 per cent) of its UK list price, or it is stolen and not recovered, then your insurance provider will replace it with a brand new car".

Esure recently found that eight per cent of motorists would not even get a quote for their car insurance before purchasing a new vehicle, with 16 per cent not checking the insurance group either.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page




Simplyhealth Dental Plan

Affordable cover from only £7.50 per month. Join now and get first month FREE

Health cover, life insurance and PMIProtect Your Health

Find Critical illness, Life and Private Medical Insurance PMI policies.

Save money on your mortgageSave on Your Mortgage

Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.