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As the UK economy continues to dive bomb towards recession the Bank of England has given its most blatant indication to date that interest rates will fall again in January. The indication was that...
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Tuesday 1st May 2007
With the recent rise in the price of petrol keeping the cost of driving high, motorists have been advised to look for savings elsewhere, with a review of their car insurance policies likely to save them money.
According to a survey undertaken by American Express, just 57 per cent of drivers have shopped around to find the best car insurance deal, despite the fact that one in five claimed that rising costs have forced them to alter their driving habits.
The most effective way of saving money is to research and compare policies and to choose the insurance package appropriate to the car's use, while sensible precautions such as fitting a security system and avoiding getting penalty points are also likely to save drivers money.
"The cost of motoring seems to rise year on year and whilst there is little motorists can do to cut the cost of fuel or road tax, insurance is one area where real savings can be made," said Joanne Field, marketing manager for American Express Motor Insurance.
The comments come as the insurance firm Zurich revealed that, with the average motorist spending £1,176 on tax, fuel, parking and maintenance, increasing numbers are putting themselves and others at risk by choosing not to pay for their car insurance.
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