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Car loans customers offered policy saving advice

Drivers with new car finance may be interested to hear that there are ways in which they could save more money on their car insurance.

Drivers with new car finance may be interested to hear that there are ways in which they could save more money on their car insurance.

According to a recent article for moneyhighstreet.com, by shopping for the right vehicle, car loans customers could limit their expense in the long term - which may help to free up extra cash for other things.

It is reported that more powerful cars are often more expensive to repair and the site adds that as such cars are also more likely to be targeted by thieves, this should be a consideration.

"The rating of a new or used car depends mostly on the engine size and weight of the car as well as the cost of replacement parts and the probability of theft," the article notes.

It goes on to state living in a high risk area may be unavoidable, but adds that drivers can cut their premiums by having alarms, immobilisers or trackers fitted and that it is possible to check with insurers to see which type will be most valuable.

Recently, the Observer suggested motorists check the level of cover they have before taking their new or used car abroad.


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