Car insurance costs increase again

Car insurance costs increased by nearly 13% this year compared with last year, adding to the overall increase in car running costs.

According to Sainsbury’s Finance, the annual cost of running a car has again increased this year when compared to last.

Buying car insurance is the biggest contributor to the rise with an increase of nearly 13%.

It’s becoming increasingly important to get the best car insurance deal, shopping around to get the best cover at the best price to suit your needs.

Use a comparison car insurance site such as Gocompare.com or Confused.com to compare quotes.

Many car insurance providers are competing for your business so you will often find they offer special incentives or discounts to win your business – check out our latest best car insurance deals.

It’s not only car insurance though that’s rising in cost, so too is tax (up 8% in the last year) and although fuel costs are slightly lower than the highs of 2008, the average car owner still spends nearly £1,300 a year just to fuel their car.

Sainsbury’s Finance is a joint venture between J. Sainsbury plc and Lloyds Banking Group and provides a range of quality personal finance products, including credit cards, savings and loans as well as insurances.