26 February 2008
The cost of insuring a vehicle is creeping up for UK consumers, according to one provider.
Sainsbury's Car Insurance, citing figures from Consumer Intelligence, claims that in the 12 months to December 2007, average car insurance premiums increased by 5.24%.
Drivers between the ages of 40 and 50 were hardest hit by increases in premiums, the provider said, with the average cost rising by 7%.
The under-25s saw their premiums go up by an average 6.59%, Sainsbury's said.
Sainsbury's Car Insurance manager Joanne Mallon said these figures highlight the importance of shopping around for the best deal on car insurance.
"The trick is cutting your costs without cutting your cover," she commented, adding that people should look into what different providers mean by phrases such as "comprehensive".
Ms Mellon's advice is to use a "like-for-like approach" when comparing car insurance policies and to consider why the cheapest policy costs much less than other providers' offers.
"You may find you're not just compromising on service but cover too," she concluded.
© 2008 Adfero Ltd
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