Cheap Insurance news
26/08/2011
Money management advice for car owners
Motorists have a number of options when it comes to the payment of their insurance for car premiums, according to Moneysupermarket.com.
The price comparison website revealed that the average price of car insurance increased by 31% during the course of 2010. Apparently, many people are struggling to pay for their policies in one lump sum.
However, a financial expert has said that UK drivers can keep their outgoings at a manageable level by choosing to pay on a monthly basis.
They pointed out that, "Running a car isn't cheap, made worse by the rising fuel costs we have seen recently.
"The cost of car insurance can be a huge strain on your finances so paying for your car cover on a monthly basis is a good way of keeping your initial outlay for car insurance down,"
Motorists may also consider the option of paying for their motor insurance policies with a zero per cent credit card.
Although people who choose this method won't have to pay interest, they will have to be financially disciplined in order to pay the balance off prior to the end of a promotional period.
In related news, the UK's motorists were recently encouraged to look for "fully comprehensive" insurance for car policies, which provide cover against an extensive range of eventualities.