Used Car Insurance – Sales Expected to Soar at end of Scrappage Scheme

Press Release : March 10, 2010
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Carsite.co.uk believe that UK car insurance customers will struggle to receive value for money when searching for a new vehicle in the above price range, forcing drivers to consider smaller, more economical cars that have proved so successful during the Governments scrappage scheme.

Prices for smaller, less powerful vehicles have increased over the last two months according to Carsite.co.uk, with some vehicle values raised by up to £200 within the space of eight weeks. Two vehicles that have experienced the most significant price rises are the Citroen C1 and the Nissan Micra.

The tighter economic situation regarding the value of vehicles and used car insurance has seen a significant increase in customers showing their savvy nature, comparing and shopping around for the most cost-effective premiums.

Alistair Jeff, sales director at Carsite.co.uk, said: "The scrappage scheme may be in its final stages, but its effects will be long lasting. The market is still healthy with buyers but many are working with restricted finances."

CompareInsurers.com is managed by a team of car insurance professionals and car enthusiasts. Our aim is to enable you to find all the information you need to get a competitive Used car insurance quote. With over 50 UK motor insurance providers, you can be sure of finding the quote and the information you need.

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