UK set to buy more cars, motor insurance

Posted :28-09-2005

The number of Britons buying cars is set to increase "significantly", according to recent research by Sainsbury's Bank.

The latest findings have revealed that around 7.3 million people are planning on buying a car in the next six months, compared to only 5.34 million from a similar time last year.

Sainsbury's Bank's survey also claims some £58.5 billion will be spent on cars in the same period, up £17.5m from the last six months to July.

Rachel Brereton, loans manager at Sainsbury’s Bank said: "Despite rising concerns on the cost of petrol and owning a car, our research suggests a strong six months ahead for the car industry."

As the number of cars and the number of drivers on the road increases, so do potential accidents and car crimes.

The Home Office warns potential car buyers to keep alert when viewing cars and to steer clear of "dirty deals".

"If we didn't buy so many stolen cars, thieves wouldn't steal so many of them," announced the government department.

However, once you are sure about the car you are buying, motorists and carbuyers are urged to seek out cheap car insurance and to shop around for the best deals for their new motors.

With the average amount spent per person on new cars over the next six months estimated at £8,014, saving money on cheaper car insurance would be a wise move.

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