Car insurance gets more expensive
February 19, 2007 by admin
Filed under News, News-Insurance
The cost of car insurance has steadily grown in the past year, with figures showing a 2.1 per cent increase.
Figures released by Sainsbury’s Car Insurance show that the average premium in January 2006 was £462.72.
By July of the same year this had risen to £466.63 and by the end of the year it had grown again to £475.52.
That means that the average premium was £9.80 more expensive in December 2006 compared to the same premium just 12 months earlier.
“It always pays to keep a close eye on your car insurance premiums and shop around to make sure that you are paying a competitive rate because you could enjoy significant savings of over £100,” said Steve Johnson, head of car insurance at Sainsbury’s Bank.
The data also highlights the fact that the gender gap in car insurance premiums remains as vast as ever, with men paying an average £499.06, while women pay £434.46.
Motorists aged under 25 saw their premiums increase by the most, with the average cost rising by 5.8 per cent.
The only group to see their premiums fall were those aged over 65, with the average premium dropping by 0.5 per cent.
The easiest way to ensure that you are getting the best deal on your car insurance is to shop around and find the deal that best suits your needs.
