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.