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Car insurance premiums fall again in March

Car insurance premiums fall again in March Image

While the price of an extended auto warranty remains more or less consistent, the price of car insurance premiums have continued to drop in the last month, a new report from Tiger.co.uk claims.  The firm's "Tiger Watch" monitoring survey discovered that the cost of cover dropped by as much as 0.8% in the last month and also showed a fall of 1.9% from the same time period last year.  

Drivers have recently been hit hard by the decision of Chancellor George Osborne to increase the price of the fuel duty of 3.02p, 3.62p after VAT, but this most recent revelation will doubtless come as a relief to those who are currently having difficulty paying their insurance plans.  In spite of this, the firm warns that because of inflation, prices are still on average as much as 33% higher than was previously.

"Looking at the 24 month figures we can see that average March 2012 prices are still some 33 percent higher than the average that we recorded in March 2010" says the Commercial Director of Tiger.co.uk, Andrew Goulborn.  

Recent research, which has been conducted by Britannia Rescue, has revealed that many people in the United Kingdom are having such difficulties in trying to keep up with payments on their vehicle, including the cost of car insurance, that they are actually delaying making necessary repairs on their cars in a bid to try and save money.

Author - Michael Barclay

published: 28/03/2012 14:00:00

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