Saturday, January 7, 2012

Insurance Savings Can Counter Fuel Costs

Insurance Savings Can Counter Fuel Costs

The fuel crisis in the UK has reached epic proportions with the cost of a litre of unleaded now at 117p a litre and diesel smashing through the 130p a litre mark. Research from a car insurance company has revealed the situation is so bad that one in six Brits are even considering quitting their jobs and looking for work closer to home because it makes more economical sense to travel shorter distances.

Indeed Brits are considering a number of cost-cutting measures to counteract the rising cost of motoring. We're even altering our general way of life with two in five cutting back on day trips, and more than 35 per cent reducing car journeys to the shops. However, there is one cost cutting measure many Brits are continuing to overlook - cutting their car insurance.

It's vital to find a policy with a suitable level of cover. However, with a little research it's easy to make substantial savings on car insurance and put hundreds of pounds back in your wallet.

The same driver can receive quotes as wide apart as £800 a year from different insurers based on how each company assesses risk factors such as where you live, your driving record and the number of years since your last claim. By using a comparison website you can find a range of quotes from dozens of providers giving you a fair assessment of the premiums you should pay.

You don't even have to move providers to save cash: inform your insurer if you park in a garage overnight; enhance security; or begin driving a car with a smaller engine to make savings.

Insurance Savings Can Counter Fuel Costs

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