There has been a rise in the cost of the average car insurance policy compared to 12 months ago, according to new research.
Sainsbury's Car Insurance Index has found that the average cost of a premium in June was £514.36.
The body has stated that this year's study marks the first time the amount has gone over the £500 mark since the index was set up in June 2005, car credit customers may be interested to know.
In addition, Sainsbury's stated that this is an average increase of 5.8 per cent against figures recorded by the company in July 2007.
According to Joanne Mallon, car insurance manager for the firm, an increase in repair costs and personal injury claims is behind the rise.
The research comes after findings from moneysupermarket.com show that female drivers who have just gained their driving licence spend around £1,200 less on their first cover policy than men.
Related Articles
Clio 'could save car credit customers cash'People currently contemplating using car credit to update their vehicle may want to consider the Renault Clio Sport Tourer.According to the manufacturer, the model's ...
Published: 17-Oct-2008
PT Cruiser 'a better buy than it looks'The Chrysler PT Cruiser may have polarised car finance customers with its design, but one reviewer notes it could still be a great used purchase.Jason Dawe notes ...
Published: 28-Apr-2008
Car loans customers offered bad credit lifelineBad credit car loans offer a lifeline to many drivers who may otherwise have been unable to attain the vehicle they desire.According to a recent article for Best ...
Published: 29-Apr-2008
SMMT reports 1% car production increaseThere was an increase in the number of new cars produced in the UK over the course of July, according to the Society of Motor Manufacturers and Traders (SMMT).Car ...
Published: 22-Aug-2008
New Superb available now to car credit customersCar credit customers who are desperate to replace their current vehicle may want to get down to their nearest Skoda showroom to check out the New Superb.Released ...
Car Loan 4U is
authorised and regulated by the Financial Services Authority,
and licensed by the office of fair trading under the consumer
credit act 1974. Licensed Credit Broker. All finance is subject
to status and income. Written Quotation on request. Registered
office: Car Loan 4U Ltd, Beechfield House, Winterton
Way, Macclesfield, Cheshire, SK11 0LP. Registered in the UK.
| Affiliate Scheme | Testimonial | Car Finance | Car Loans | Career | Sitemap |
