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Factor in the cost of Car Insurance

Thu, 17 Nov 2005

Motorists planning to buy a new car are being encouraged to make sure they factor in the cost of Car Insurance cover, especially as list prices rise.

Data published by EurotaxGlass shows that the price of an average new car rose by 1.4 per cent to the end of October 2005 – representing an increase of around £182, reports Auto Express.

However, the Glass's New Car Market Trends report shows that the increases remain relatively small and are considerably below the current UK inflation rate, but buyers are being warned to make sure they don't overstretch themselves and leave enough to pay for additional costs such as Car Insurance and road tax.

Models in the lower medium sector of the industry have seen the greatest rise in prices – with vehicles such as the Ford Focus, and the Vauxhall Astra experiencing an average 3.2 per cent increase in retail prices over the past year.

However, superminis, which include popular models like the Vauxhall Corsa and the Renault Clio, have actually fallen in cost – with a 1.4 per cent cut in list prices.


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