Car finance customers looking to save money on their motor insurance may be interested in a specialist type of policy.
According to the British Insurance Brokers' Association, it is possible to secure cover - that comes with certain restrictions in place - at a cheaper price.
It explained motorists may be able to get a better deal if, for example, they agree not to take to the road from 23:00 in the evening to 05:00 in the morning.
The organisation suggested this kind of cover may hold particular appeal for novice drivers who find traditional policies prohibitively expensive.
Steve Foulsham, technical services manager, suggested such protection may be more common in the future.
"One or two insurers have been in this market anyway, but it could be that this could start to get some more impetus perhaps going forward," he stated
However, Mr Foulsham pointed out some car insurance customers may not like having their movements monitored in this manner.
Popular car finance choices could include Nissan MicraThe Nissan Micra could be a great purchase for those seeking a popular car finance deal.This is because the manufacturer recently announced that its global production ...
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.