With Millions Of New Cars Not Selling, Could You Save Even More Money?

Now Its 2010 and its time to update this blog on car prices!

Boy have things changed and how. New car sales pretty much collapsed in 2009 and although car insurance premiums did go up on average, new car prices plummeted thanks to the recession. By mid year not only have new car sales dropped by historic amounts, but used car prices had reversed and were now becoming really quite expensive. Many were wondering why and would used car prices return to their former lows, but for the time being anyway, I would suggest that this will not be happening anytime soon! The reason is two fold, one is that the world wide car scrappage scheme was pulling used cars of 10 years old or more off the used car buyers market and into the crusher! Since the amount of building work also dropped on a global scale, this new injection of scrap metal will have been welcomed by the scrap metal merchants who have been running low on scrap metal reserves.

The second is that with a lack of used cars on the market, the really good used cars were snapped up even quicker and are likely to be kept in service for a little longer than normal. People have less money and times will continue to be uncertain for most of 2010 with low employment and all that. That keeps the stocks of quality used cars low and finding a great deal online on your car insurance is more likely than a great deal on the street corner or ebay. Get a great deal on a car warranty, this can be new, used or extended warranties.

The year was beginning of 2008 and here was the blog posted at the time.
In 2008 insurers are indicating that motorists should expect to pay higher insurance quotes whether they have driving penalties or not. Many reports suggest that the average vehicle insurance premium has passed £510, a record high. Drivers in the UK now pay an average of £514.36 to insure their new and used cars or a 14% increase since 07. Much of this is due UK motorists making fraudulent claims and whiplash has been identified as the main false claim! Also claims against uninsured drivers!

UK car buyers can expect to pay up to 12.5% less for a used car than you would have done in Nov. '07 - but a new car would cost you an average of 1.8% more. Buyers considering a new car can bring even greater savings if they look at buying one of the many manufacturers cheapest makes and models in terms of motor insurance, economy and maintenance. Look at the whole package, the bigger picture is vital to saving money over a period of time. Short wins are not the answer, look at the economy.

Why Use MotoWorld To Find The Best Deals for New Car Insurance Quotes in 2009/2010 And Even 2011?
Swiftcover Underwriting Director, Craig Staniland, says: "Insurance premiums are based on a number of factors that are used to identify the level of risk of individual drivers. Claims evidence shows a correlation between the number of convictions a person has and how likely they are to make a claim - meaning if you have more convictions you are statistically more likely to claim and therefore your premium will be higher. Insurers view convictions differently. swiftcover.com has discovered that drivers who have just one speeding conviction are no more likely to make a claim than drivers with no convictions, so we don't increase premiums for drivers with one speeding conviction that did not lead to a ban."