Cost of motoring on the rise


Head of Car Insurance, Will Thomas, of commented that the news that petrol prices are falling will be welcome by most motorists who have already felt their budgets squeezed by the high costs of staying on the road.  He also stated that the index finding at reflected a rise in prices during the first quarter of 4.3%.

Motorists should be on the lookout for more than just petrol prices however, as they also should look at other benefits that may be available to them when setting their motoring budgets.  For example, some insurance providers offer perks that are worthwhile for a free extra bucks since they save a reasonable chunk of change down the line such as free breakdown cover, reduced price MOTs, and free health checks in the winter.

Some tips offered to cut down the cost of motoring by Thomas include choosing a TPFT policy for cars that are of low value since excesses may cancel out the point of comprehensive cover.

He also stated that most premiums are based on the average amount of miles a driver covers per year so it is very harmful to overestimate your mileage instead keeping in mind that drivers can always adjust their mileage if they start to use it more frequently down the road.

Another helpful tip is to avoid the temptation to add modifications to a car since they are often seen as a safety risk and will increase the overall price of cover.

Finally, if it is within your power to do so, Thomas recommends paying the premium up front, since instalment plans often tack on extra charges.