Sainsbury's Bank: Car insurance premiums on the up
www.moneynews.co.uk > Insurance > Sainsbury's Bank: Car insurance premiums on the up
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Sainsbury's Bank: Car insurance premiums on the up
Mon 25th Feb 2008
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In December 2006 motorists paid an average of £474.52 for their car insurance, but a year later that had risen to £497.26.
Motorists aged between 40 and 50 saw the highest increase, an average of seven per cent, while drivers aged 65 and over had the lowest rise in premiums at 4.14 per cent.
Sainsbury's Bank also found that under-25s pay the most for their cover, with an average premium for that age group costing around £1,256.
Continuing a recent trend, men are also paying on average £71.97 more for their car insurance than women.
Joanne Mallon, Sainsbury's car insurance manager, recommended that customers shop around for the best deal on cover and revealed that one in five motorists only obtain one quote when they buy car insurance.
She added: "When comparing policies do so with a like for like approach … it's worth considering why the cheapest policy is so cheap, you may find you're not just compromising on service but cover too."
The bank announced last week that it is to extend the zero per cent interest period on balance transfers from ten to 12 months for its credit card customers.
Related News : Insurance |
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Related News : Sainsbury |
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