Motor insurance costs look set to fall
Tue, 07 Jun 2005
Motoring insurance premiums are predicted to fall over the coming months due to increased competition in the market.
The prediction follows Esure's decision to significantly increase its share of the current UK's car insurance market and is therefore likely to trigger a price war between the leading insurers.
However, consumers are still being encouraged to shop around to find the best deal and should not assume their current policy is the best available. Simply by obtaining a number of quotes from a variety of providers could lead to an average saving of £180.
Motorists should also consider taking an advanced driving test or increasing security on their vehicle in order to further reduce their premiums.
Drivers could also look at changing their current car to help lower insurance costs. Opting for a less powerful vehicle can have a significant impact on premiums levels and choosing a specialist insurance company could also help secure a better deal.
© DeHavilland Information Services plc
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