An industry expert claims that even if the economic situation in the country continues to decline, drivers will still be able to buy car insurance .
Graeme Trudgill, technical and corporate affairs executive for the British Insurance Brokers Association (Biba), said that a large variety of car insurance products are available on the market and that many of them are designed for people on low income .
His comments come after MoneyExpert reported that one per cent of uninsured drivers said that high premium costs were to blame for them not purchasing a policy. However, Mr Trudgill stressed: “There are no concerns about the availability of motor insurance . Brokers offer all sorts of policies aimed at people who are struggling. They offer instalment plans, they can offer any level of cover from the bare bones; third party only to an all singing all dancing comprehensive policy .”
He also says that there are instalment facilities and short-period policies available and insists that brokers can always provide an insurance solution for any motorist .