The Car Scrappage Scheme is set to finish at the end of this month and with the release of the new "10" registrations, there could be a rush of new car sales in the final week of March.
However Defaqto warns that the excitement of buying a new car and choosing the "cool" options like metallic paint, satellite navigation or alloy wheels can eclipse important financial decisions such as the cover provided under comprehensive car insurance .
Mike Powell, Insight Analyst at Defaqto said: "If you're buying a brand new car then we'd say "new car replacement' is an essential feature to look out for when buying your insurance . This benefit means that if your new car is damaged and the cost of repair is above a certain percentage (typically 60 per cent) of its UK list price, or it is stolen and not recovered, then your insurance provider will replace it with a brand new car ".
Drivers urged to check new car replacement cover
Fri, 26 Mar 2010
Recommended links
Insurance rates and deals comparison serviceCar insurance guide
Best selling car insurance deals
Car scrappage scheme
Car finance calculator
Car insurer finds penalty point swapping on the rise
New pay-per-month car insurance for young drivers
Parents reduce cost of car insurance by claiming child as spouse
Car insurer finds drivers do not feel confident in new vehicles
Insurance study reveals international healthcare risks
Axa unveils new car insurance policy
Cost of car insurance beyond consumer control
Over 80s denied car insurance quotes
January sees surge for car insurance searches on 4x4 vehicles
Car insurance claims shoot up as heavy snow continues
Nearly 20 million Brits could be missing out on cheaper car insurance
A drink-drive conviction will markedly increase cost of car insurance
Car insurance industry hit by drivers using handsets
Ecclesiastical Insurance publishes new guide to help carol singers keep safe
Insurer advises people not to leave their belongings on display in cars
Flux offers younger drivers cheaper car insurance
Mobile phone application launched to help car insurance claims
Insurer warns of worst day for car insurance claims in December
Some drivers think that car insurance policies are deliberately confusing
Women feel uncomfortable going to the garage says car insurer
Children using parents car insurance getting older
AXA PPP healthcare launches a dedicated nurse service
Drivers must control themselves behind the wheel says car insurer
British motorists crashing for cash may be refused car insurance
Car insurance claims escalate as winter approaches
| Insurance news |
|---|
| Winter buildings insurance claims rose in 2011 - Wed, 16 May 2012 |
| New travel insurance initiative unveiled by Confused - Tue, 15 May 2012 |
| Many Brits do not possess suitable home insurance - Wed, 09 May 2012 |
| More News |