Downgrading car insurance policies could be more expensive

Fri, 06 Mar 2009

By downgrading their car insurance policies, motorists could lose out in the long run advises Swinton .

The insurance firm is warning its customers that reducing their car insurance cover could end up costing more in the long run if they have an accident which is their fault.

Steve Chelton, Development manager of Swinton, said: "There is a common misconception among motorists that choosing a policy which offers reduced cover will be significantly cheaper than a comprehensive policy . While reducing cover may offer a minimal saving short-term, it could cost drivers a lot more down the line if they are involved in an accident that is their fault."

The insurance firm has found that more motorists are choosing third party car insurance, rather than comprehensive insurance cover, in an attempt to save money . According to Swinton, there has been a rise in the number of motorists choosing third party, fire and theft insurance cover in the last 12 months.
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