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Sunday, September 7, 2008
Used Cars Proving to Be Cheaper to Insure
Insuring a vehicle these days can be a pricey process, there are a multitude of different factors that determine how much you're going to be spending on insurance for your car. Car Insurance is mandatory in the UK and so when you are looking for a new or used car, you are likely to be considering how much that car will cost to insure, many people will make decisions based on this alone when they are looking to get their next car.
Recent surveys have found that if you want to get a cheap car to insure then you should look towards a used or older car rather than a brand new, latest and greatest model. Newer models are likely to come with higher premiums for a wide range of reasons from the cost of replacement parts to the safety record.
Cars are classified into insurance groups which are determined by these factors, factors like replacement parts, safety records, the power and top speed of the car and other factors. When you go to buy a car there's a chance that you'll be told what category the car falls into, many smaller cars being sold will capitalise on this selling point as smaller cars are very popular with younger or first time drivers and will be cheaper for them to get insurance on.
Recently a car manufacturer has made a press release about how one of their modern cars has been reclassified to a cheaper car insurance category. The change has been made due to the safety record and the cheap parts that the car uses, it also cites that with lower insurance premiums to pay it means that drivers are less likely to suffer with the upcoming road tax alterations and the rising cost of petrol and diesel.
Cheap Car Insurance is something we all strive for and with the sheer range of providers now available it's no surprise that many of us change to a different one more often these days and check with insurers before buying a new or used car. Many people are swaying towards buying a used car as, apart form the obvious insurance benefits, there is also the fact that new cars depreciate a tremendous percentage when the owner tries to sell on, so buying a second hand car means you are less likely to lose a large sum of money when you come to trading up for a new model.
Recent surveys have found that if you want to get a cheap car to insure then you should look towards a used or older car rather than a brand new, latest and greatest model. Newer models are likely to come with higher premiums for a wide range of reasons from the cost of replacement parts to the safety record.
Cars are classified into insurance groups which are determined by these factors, factors like replacement parts, safety records, the power and top speed of the car and other factors. When you go to buy a car there's a chance that you'll be told what category the car falls into, many smaller cars being sold will capitalise on this selling point as smaller cars are very popular with younger or first time drivers and will be cheaper for them to get insurance on.
Recently a car manufacturer has made a press release about how one of their modern cars has been reclassified to a cheaper car insurance category. The change has been made due to the safety record and the cheap parts that the car uses, it also cites that with lower insurance premiums to pay it means that drivers are less likely to suffer with the upcoming road tax alterations and the rising cost of petrol and diesel.
Cheap Car Insurance is something we all strive for and with the sheer range of providers now available it's no surprise that many of us change to a different one more often these days and check with insurers before buying a new or used car. Many people are swaying towards buying a used car as, apart form the obvious insurance benefits, there is also the fact that new cars depreciate a tremendous percentage when the owner tries to sell on, so buying a second hand car means you are less likely to lose a large sum of money when you come to trading up for a new model.
Labels: Used Cars Proving to Be Cheaper to Insure
# posted by gopi @ 9:40 AM 
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