Could monthly payments ease vehicle running costs? Carfinance.co.uk
15.08.11
With the
cost of running a car rising thanks to soaring oil prices, insurance and other
factors including inflation, motorists may want to consider innovative ways of
making their outgoings more manageable.
Car
insurance premiums jumped by 31% in 2010, with the early part of 2011
experiencing similar rises, notes Moneysupermarket.com . The price comparison
site is now urging under pressure motorists to consider options such as monthly
instalments.
However,
it is vital to identify the best value pay monthly options available as making
the wrong decision could end up being costly, warns the website.
Currently,
most insurers charge their customers for paying their annual cover in monthly
instalments, which adds the equivalent of an extra 10.68% to the cost of the
original premium.
But by
shopping around for the best deal, this can be dramatically reduced to as
little as a 5.34%, says Pete Harrison, car insurance expert at the site, who
notes that "running a car isn't cheap".
Source:
Affordable Auto bInsurance/b – How to bPay/b 50% Less Than Your Friends b.../b
Affordable Auto Insurance – How to Pay 50% Less Than Your Friends Do
There are people who are not content with their car insurance because of its high cost. Before renewing your car insurance policy make sure to review other rates from different insurance companies to find out if there are lower costs and more affordable auto insurance plans than what you have at present.
Remember that finding affordable car insurance is not that hard if you know what to do and where to start looking and there is nothing more annoying than finding out that a friend or neighbor has got insurance at half the price just by looking around.
There are two reasons on why you should start looking for affordable car insurance policies and find out their benefits. The first reason is that insurance companies will have different benefits and deals for different customers.
These rates will differ between each offer, depending on the insurance agent or promotional methods. There are a lot of discounts you can get when it comes to purchasing an insurance plan. These discounts can reach up to 50% and the benefits will not change. You just need to know how to get them.
The second reason concerns your personal status or financial status. If you are paying monthly for your cover you need to check the interest on the payments. Some companies charge a high rate and if your credit score is not to their liking they will hike the interest even further. Either pay in a lump sum or find an insurer that will let you pay monthly.
How do you do this?
You should know where to find affordable car insurance plans. The best way to do this is on the internet. Finding auto insurance online will allow you to purchase the cheapest there is. Not only that, you will also know more about the benefits, details and cover that you cannot find anywhere else.
You will also be able to save time and money. You won’t even have to leave your home and you will not have to spend hours making one phone call after another, or driving around from one insurer to the next.
