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Most Car Insurance Customers 'Unaware' Of Costs

Monday, 04/10/2010

Drivers are not considering the cost of car insurance before buying a new vehicle, according to new research. A leading motor website has found that people maybe making purchases blindly - without considering the extra amount they could end up paying.

An online poll from the company found that more than 55 per cent did not know how much the car insurance of the vehicle they were interested in would cost. However, less than four in ten commented that it was a "very important" factor on their decision.

"The results were drawn from a sample of 3,671 respondents to the survey which was conducted among the users of the site's price quote service," commented the company.

There are some useful tips to drive down the cost of car insurance such as increasing your excess values as this will lower the premium. Also paying in monthly instalments often incurs an extra charge, it is better to pay it all up front. Also having points on your licence or convictions for traffic offences is going to make a significant difference to the value of your car insurance, so it is wise to drive more carefully and not acquire any more points.

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