Car insurance for women news
18/03/2009

Downsize during downturn for cheap cover

A survey has shown that some women's car insurance buyers may not be affected by the economic downturn as the costs involved in running a car do not seem to be too much of an issue.

The recent Experian research has shown that in the current financial climate men are more likely to downgrade their car than women.

Out of the 1,008 UK car owners questioned, 18% of the men said they would get a smaller car with a smaller engine, compared with 15% of women.

Further, when asked if they would buy a bigger car next time, 17% of women said yes, compared with 15% of the men.

Kirk Fletcher, Experian's Automotive division Managing Director, said, "Concerns about running costs are certainly driving changes in the automotive industry and causing consumers to be more cautious about their spending. However, even when living through a downturn, there is still a reluctance to downgrade.

"It also means that most drivers feel they are already driving cars they can afford to run, so their preference would be to buy a similar type of car. Some are still even planning to upgrade."

A spokesperson for CoverGirl, specialist provider of women's car insurance, said, "Reducing the engine size of your vehicle is a major factor in reducing the size of your car insurance quote. Many motor manufacturers are recognizing this and the choice, reliability and performance of smaller cars is improving all the time."