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Financially astute look for best Car Insurance deals

Wed, 02 Nov 2005

University graduates are more likely to shop around for the best value Car Insurance deals, according to a new survey.

Research by credit card provider Egg suggests that graduates are more likely to want to save money on goods and services in order to ensure they do not increase or return to debt.

The study shows that four in ten graduates are determined not to get into serious debt again and are therefore more financially astute when it comes to purchasing products such as Car Insurance.

"Our research clearly shows that many students, already experienced in what they perceive to be unavoidable debt, represent a shift in attitude towards spending and debt," said Mark Nancarrow, chief financial officer at Egg.

"Whilst still intending to use credit in the future it appears that the graduate of the Noughties intends to adopt a responsible attitude towards credit, rejecting the ‘have it now’ attitude associated with the Eighties and Nineties," he added.



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Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.