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Growing Number Of Motorists Can't Afford Car Insurance

Home / News / Growing Number Of Motorists Can't Afford Car Insurance

MoneySave Solutions helps car owners on a budget get affordable insurance deals.

According to new research*, 1 in 7 motorists have driven without insurance. Of those, 12% said they can't afford insurance, compared to just 6% this time last year. Leading moneysaving service, MoneySave Solutions, believes these statistics show the real impact on people's lives of the rising cost of motoring. And it is concerned that it may be the case that some consumers already in debt will face higher premiums which may force them to take the difficult decision of not paying for motor insurance. Not only is this illegal, but it leaves them vulnerable to hefty costs if they are involved in an accident.

"It's shocking to see that the number of people who can't afford motor insurance has doubled in the last 12 months," said Matthew McKenning, Director, MoneySave Solutions. "And a further 7% claim they don't understand the importance of insurance and therefore choose not to buy it.

"Our advice is, don't be tempted to cut corners on insurance cover, as it's a false economy that could cost motorists dear. But we understand that people already juggling debts may find it difficult to get an affordable deal. We have access to a panel of insurers to offer competitively priced motor insurance with a range of payment options designed to fit every pocket."

For consumers struggling to make ends meet, it can be tempting to get rid of vital insurance such as car, buildings and home contents. MoneySave Solutions works with a panel of insurers and does the shopping around to find its customers the best deals so they're not tempted to cut corners on insurance cover.

MoneySave searches to find great insurance deals for consumers, protecting them from the unexpected.

– Ends –

*Moneysupermarket.com – March 2013

For more information please contact:
Wendy Harrison / Louise Fowler / Arran Fano
HSL
T: 020 8977 9132
E: moneysaveteam@harrisonsadler.com