Sainsbury's Bank Car Insurance: Premiums falling

Money News

www.moneynews.co.uk > Insurance > Sainsbury's Bank Car Insurance: Premiums falling

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Sainsbury's Bank Car Insurance: Premiums falling

Sainsbury's Bank Car Insurance has reported that current car insurance premiums are decreasing, with motorists over the age of 65 seeing the biggest drop of almost 4.5 per cent.

On average, premiums for motor insurance fell from £470.17 to £462.15 between August 2005 and January 2006, although this differed somewhat based on the age of the customer.

For those under 25, the average price for cover decreased from £1,091 to £1,048, while for over-65s average premiums were £327.13 in January this year, compared to £342.49 in August 2005.

Sainsbury's Bank Car Insurance found that London was the most expensive location to cover your car, where an average premium is around £559.31, compared to £326.15 in East Anglia – the cheapest area.

"Competition in the car insurance marketplace is strong so it pays to shop around for cover," said Richard Clark, manager of Sainsbury's Bank Car Insurance.

"However, despite this, we estimate that as many as 19 per cent of motorists only obtain one quote when they purchase car insurance."

Sainsbury's Bank Car Insurance could save customers £130, the company claims, as well as offering a five-year no claims discount of 70 per cent, rising to 75 per cent after a further five years of no claims.

Related News : Insurance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Sainsbury

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet