28 August 2008
Shopping around is the best way to cut the cost of car insurance, according to a spokesperson from the Association of British Insurers. Malcolm Tarling said motorists can make some considerable savings by taking time to compare different car insurance deals available on the market. He said it is a "sad fact" that younger drivers pay more for car insurance, although he insisted that even for this group there are "significant savings from shopping around". But he urged drivers not to simply compare deals on price and to read the small print carefully to confirm whether policies provide all the cover necessary. "Make sure you actually check the terms and conditions and make sure you are getting like for like," he advised. His comments come after figures released by Sainsbury's bank revealed that between July 2007 and June 2008, the average car insurance premium has risen by 5.8%.