Any drop in the cost of car insurance has\ngot to be welcomed no matter how small the saving. So, readers will be pleased\nto hear that, according to the Confused.com Car Insurance Price Index, the\naverage premium for fully comprehensive car insurance fell by \u00a312 per annum from\n\u00a3774 per annum in the last quarter of 2018 to \u00a3762 per annum in the first\nquarter of 2019. Let us hope that those of you who have classic car insurance\nalso benefit financially.<\/p>\n\n\n\n
The age of the motorist is one of the\nfactors that affects how much you pay for your cover. As a general rule, it is\nthe young, inexperienced driver who pays the most for their car insurance. The\nabove index revealed that, on average, an 18 year old paid the most for their\ncover at \u00a32,018 per annum. That is an increase of \u00a398 per annum when compared\nwith the previous quarter. A 17 year old\npaid an average of \u00a31,905 per annum. A 34 year old pays an average of \u00a3647 per\nannum. A 66 year old pays the lowest amount at an average of \u00a3431 per annum. As\nyou can see from the above figures there is a huge variance in premiums.<\/p>\n\n\n\n
When it comes to the age of people owing\nclassic cars, there are no doubt going to be more people in their 40s and 50s\nwho buy a classic car than those in their late teens and early 20s who invest\nin such a vehicle.<\/p>\n\n\n\n
The index revealed that 58% of motorists\nwhose policy came up for renewal in the first quarter of 2019 decided to renew\ntheir cover with the same insurer. Presumably, some of those motorists did not\nbother to see if they could have got the cover cheaper elsewhere. That is a\nshame as research reveals that motorists who decide to move their cover to\nanother provider at renewal were able to save an average of \u00a381 per annum. We\nare sure you will agree that is a significant saving.<\/p>\n\n\n\n
So, if your classic car insurance policy is\ncoming up for renewal, why not check to see if you are able to arrange the same\nlevel of adequate cover with another provider for less money. One way of doing\nthis is to use a specialist price comparison website that has an extensive\npanel of insurers. It is usually simple and quick to use such a website. <\/p>\n\n\n\n
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Any drop in the cost of car insurance has got to be welcomed no matter how small the saving. So, readers will be pleased to hear that, according to the Confused.com Car Insurance Price Index, the average premium for fully comprehensive car insurance fell by \u00a312 per annum from \u00a3774 per annum in the last quarter of 2018 to \u00a3762 … Continue reading