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People with debt problems may want to shop around for car insurance

People with debt problems may want to shop around for car insurance

- Tuesday, 18 January 2011

Brits who may be living with a debt solution may want to shop around for cheaper car insurance as premiums have increased.

Confused.com revealed on January 12th that the cost of car insurance cover increased by 38.2 per cent in 2010.

This means that drivers, including those with debt problems, are now paying an average of £695, which is £200 more than this last time last year.

It was also revealed that third party, fire and theft insurance increased by 56.3 per cent last year, which is an additional £322.

Therefore, drivers, including those currently seeking debt help, may want to shop around, possibly online, for cheaper car insurance.

There are some things to bear in mind, such as you get what you pay for, suggests Asia Yasir, a spokeswoman for esure travel.

She said: "When it comes to insurance the old rule of thumb holds true, you get what you pay for.

"Because of this, make sure you read your policy, especially the fine print, when comparing policies from different companies."

That is because there is always a reason for why one form of cover is cheaper than the other, Ms Yasir added.
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