As Petrol Prices Rise Brits Turn To More Fuel Efficient Cars
Published: 15 February 2011 By MoneyHighStreet Staff Leave a Comment
As petrol prices rise, along with car insurance, motorists are being hit hard and now many are turning to buy more fuel efficient cars next time.
According to research by moneysupermarket.com, nearly 50% of those surveyed felt that they will choose a more fuel efficient model time as they try to save money on motoring costs.
Around 10% will buy one for which they can get cheaper car insurance.
For some driving has just become too expensive and they will be turning away from cars altogether to use public transport instead.
Pete Harrison, car insurance expert at moneysupermarket.com commented: “With prices on the up it is more important than ever drivers ensure they are shopping around for the best deals on insurance – those who do will reap rewards and make their hard earned cash go further.”
There are steps you can take to help save money on your car insurance, including
- Pay annually rather than monthly
- Reduce your annual mileage
- Update your policy details at renewal for example if you change your job and then perhaps reduce your annual mileage
- Take extra lessons, through such as a Pass Plus or IAM (Institute of Advanced Motorists) course
- Look into the cost vs the monetary benefit of increasing your vehicle security, perhaps with an alarm or immobilise
- Manage your driving behaviour to avoid being caught for such as speeding and getting penalty points on your licence
- Consider very carefully if you are going to modify your car, at the very least you need to tell your insurer
And finally be careful about who you name as the main driver. If a car in the house is shared equally, but one driver has significantly more experience or fewer penalty points, naming them as the main driver (with you as a named driver) can save you money on your car insurance. But make sure you don’t get involved in ‘fronting’ for your children, this is illegal.