Insurance for cars news
16/03/2009
Cheap car insurance is a better deal than any cash ISA
Drivers looking for ways to save money in the recession would be wiser - and end up better off - to spend more time looking for cheap car insurance.
Better deals can be had shopping around for lower cost motor cover than deciding to invest savings in bank and building society accounts.
A £3,600 investment into the best cash ISAs around - the maximum investment allowed in any one year - would pay out about £130 over 12 months.
Spend a little effort looking for cheaper car insurance and average savings are proven to be as high as £207 - even more in some cases.
New insurance customers tend to be offered better deals than current clients. Remembering to shop around and switch insurers can help save money on policy premiums when looking to cut spending in the current economic downturn.
Comparing car cover for as little as ten minutes and then ringing an insurer such as Duck2water to beat the cheapest car insurance quote you find can save more cash than deposits in the type of ISAs mentioned above would earn in 18 months.
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