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Drivers would go green to stem rising car insurance premiums
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More than a one-fourth of drivers have experienced a rise in their car insurance premium in the last year, and many drivers say they would go green for cheaper motoring.
MoneyExpert.com has found that one in four drivers pay more for car insurance than they did last year, with the norm policy rise by six per cent to about £682, and experts predict further rises of as much as 10 per cent by the end of the year.
The comparing site is warning consumers that if they do not shop about and comparison car insurance quotes from a figure of supplier they could be paying more than they have to for their insurance premium.
Of those questioned, 28 per cent of drivers said that they accepted the addition without inquiry, and just 30 per cent moved to another insurer to find a cheaper deal when they were faced with such addition.
"It is badgering that when faced with an addition in car insurance premiums of more than two-base hit the rate of rising prices so many drivers just shrug their shoulders and accept it," said Sean Isabella Stewart Gardner of MoneyExpert.com.
"The pressure level on household finances is edifice from all sides with mortgages and supermarket bills rise. Any opportunity to save some cash should be grabbed with both hands."
Meanwhile, Tesco comparison Car Insurance has found that two thirds of motorists would consider buying a more environmentally friendly car if it would lower the cost of motoring.
Two 1000000 motorists claim to already drive a 'green' car, but a further 21 million said they would consider it if there was a price inducement for doing so.
When asked what would persuade them to buy a green car, motorists revealed that their determination would be ruled by economy money more than economy the environment, with 62 per cent expression they would be swayed if car tax was reduced for greener vehicles.
"The message that the British driver is sending to the Government is empathetic - they are happy to embrace green driving but want to be rewarded for doing so. Penalising them for not being green is much less of an incentive." said Paul Baxter of Tescocompare.com.
Tescocompare.com's research found that green car insurance can be more expensive because of the additional costs of repair, and that if the Government reduced the cost of road tax for green drivers it would offer more incentive. It recommends comparing the market to find the best car insurance deals.
© Fair Investment Company Ltd
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