Eco-Friendly Car Insurance Premiums Could End Up Costing More
The UK's leading price comparison website, moneysupermarket.com, have announced this week that environmentally-friendly motorists who opt for eco-friendly car insurance could end up paying more than they hoped for.
A green insurer will offset your carbon emissions but will charge a premium for doing so. Green policies for an eco-friendly Toyota Prius range from £490 to £785 – an increase of £466, or 146%, compared with the annual car insurance policy available from Swiftcover at £319.
Standard car insurance for a conventional car with Swiftcover costs £388 whilst a green insurer will charge between £474 and £771 – an increase of £383 or 99%.
Andy Leadbetter, managing director of insurance at moneysupermarket.com, said: "I applaud the environmentally conscious among us, but insuring yourself with an eco-friendly car provider may not be the best place to start. Shopping around for the best value motor insurance for your circumstances is crucial, and then if you can afford it, you could donate the money you save to an eco-friendly charity of your choice. Brits are watching every penny at the moment and paying over the odds can be a hard pill to swallow.
"As with any insurance policy it is essential to read the small print to ensure that not only the price is right, but the levels of cover provided are correct as well. Consumers should be aware of the differing levels of cover a policy allows and make an informed decision on what is most suitable. Most policies will offer benefits such as rescue cover, courtesy car and new car replacement, but the amount of personal belongings cover and foreign country cover may vary. Being fully aware of these policy details means motorists will ensure the peace of mind of getting the best value for their needs and remain safe in the knowledge they are doing their bit for the environment as well."
Car Insurance always includes some exclusions and limitations which should be checked carefully. If in doubt you should check your car insurance policy wording carefully.
Visit www.car-insuranceuk.com regularly for the latest car insurance news and links to car insurance providers. Please follow the links on this page to obtain your own personalised car insurance quote and make your own comparison.
© January 2009
