Insurance costs a big factor considered by car buyers

Insurance costs a big factor considered by car buyers

Survey finds many car buyers worried about insurance costs…

We were a little bit surprised by this one – a survey has found increased car insurance premiums are the top financial consideration among prospective car buyers.

The survey was undertaken by the UK connected car service – Smartdriverclub.

It was found that overall, one quarter of all prospective car buyers delay their decision because of financial concerns and constraints.

Car insurance was the biggest financial concern for car buyers.

48% said they were conscious of fuel use (48%) and 16% had issues around downsizing their set of wheels on their minds.

UK motoring expert Mike Brewer tells us car buyers everywhere should shop around for car insurance as premiums can vary considerably.

“If you really want to save some cash, it’s worth considering what you can do to seriously upgrade your current motor and possibly get cheaper insurance too.”

Smartdriverclub markets a service that tracks your car use and this can assist you to drive a better deal from your car insurer.

Want to save on your car insurance? Check out these seven tips.

Was car insurance costs a significant factor in your most recent car purchase decision? We’d love to know what your car buying priorities were in the comments section below.

About Joel Helmes 3431 Articles
Joel is the founder and CEO of Behind the Wheel. Joel has a background as a radio broadcaster with on-air roles at 4BC, 4KQ, 2KY, 2LT and 2UE amongst others, as well as a news editor and program director.Joel’s relationship with cars stems back to his early childhood learning to change oil and brakes with his father and uncle. This continued on into his driving years owning an assorted collection of cars.

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