Women's insurance news
27/03/2009

Cheap car quotes available despite recession

Cheap car insurance providers are awaiting a fall in policy requests for new cars as the recession severely affects the motor manufacturing industry.

Ford of Britain has recently warned that new model motor traders will have no choice but to increase prices in light of the pound's current standing against the euro.

Nigel Sharp, managing director at Ford of Britain, commented, "The weakness of the pound had a huge negative impact - well into nine figures - on Ford's UK business in 2008."

He warned that in order to protect jobs and to ensure a viable business potential the price increases were necessary.

However, as car buyers concurrently face uncertain economic times, it is likely that many male and female drivers, who would normally renew with a new model, are likely to explore the used car market instead.

The Society of Motor Auctions' (SMA) latest report revealed that used cars are increasingly in demand. SMA chairman, David Scarborough, has stated that the second-hand sector of the motor trade industry is currently performing better than it has done in over a year.

A spokesperson for CoverGirl, the women's insurance specialists, commented, "Getting an online renewal quote offers buyers the best chance of obtaining cheap car insurance whether the vehicle is new or used."