Thursday , July 2 2015
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What you could buy with your car insurance savings

Fancy six tickets to go and watch Top Gear live? Or how about five magnums of champagne for an upcoming celebration? These are just some of the things you could buy with money saved on comparing your car insurance.

According to Moneysupermarket.com, customers who compare prices for their car insurance can, on average save up to £375 and this infographic looks at what you could buy with that money.

The infographic also shows that 77 per cent of people in Yorkshire and Wales always search for a cheaper provider when it comes to renewing their car insurance, the highest in the UK. Londoners are the least likely to shop around for a better deal at only 58 per cent.

So whether you want to purchase an ultimate supercar driving experience for you or a loved one, or anything else you have your mind on, £375 in savings is not to be sniffed at.

The infographic finally addresses a problem in the car insurance industry called ‘fronting’. This is where parents insure their children’s cars in their own name in order to save money. With young drivers insurance costs at an all-time high, 13 per cent of men and 11 per cent of women are already committing this fraudulent activity.

Infographic courtesy of MoneySupermarket.com

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