Car insurance advice for swappage customers

Thu, 13 May 2010

Individuals looking to trade their old vehicle in for a new one have been given some advice on making sure they don't lose out on car insurance .

Although the car scrappage scheme may be coming to an end, AA Financial Services has reported that many dealers and manufacturers are offering attractive 'swappage' deals, with cash incentives when trading in an old motor.

However, despite the attractive options that may be on offer, the firm has urged motorists to do their normal homework, such as checking car insurance bands and road tax, before going for a new model.

The organisation has also advised people not to buy any add-on insurances that are not necessary and to not be tempted by extras, such as a sunroof, that may increase car insurance costs .

Mark Huggins, director of AA Financial Services, commented: "People trading in a ten-year-old car might well be stepping into a new car showroom for the first time and can easily get swept into unwise finance deals or other options they don't need."

According to the Society of Motor Manufacturers and Traders, 395,499 vehicles have been registered through the government's car scrappage scheme.
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