Following announcements from leading motor insurers in 2007, premiums for UK car insurance are expected to rise by 10-20% in 2008.
A range of causes have been quoted from a rise in claims due to unforeseen events such as the recent floods to premiums already being artificially low for some years. Whatever the reason, a further hike in motoring costs coupled with increases in other non-discretionary costs of living mean that 2008 could be an expensive year for millions of UK residents.
Fortunately, there are a number of steps you can take to counter these inflation busting increases on your motor insurance.
STEP 1 – Don’t believe the hype
In spite of what the adverts tell you, there’s far more to finding the cheapest cover than simply comparing the quoted rates. It’s a complex, multi-variable product, and deserves your attention because of this. Have a good think about how and when you use your car and what type of cover and options you do and don’t need. Many of us continue to renew policies with options we don’t need and are unlikely to use.
STEP 2 – Search online for the right cover and the lowest...
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