Car insurance: Alternative fuel 'in greater demand among motorists'

Friday, 25 July 2008

Car insurance customers are showing their environmentally-friendly prowess by opting for hybrid vehicles and alternative methods of fuelling them, according to a new report.

British Car Auctions (BCA) has stated that diesel values are now at 92 per cent having fallen 3.5 points since the beginning of the year.

The firm stated that in June, there was a three point fall, leaving the value for the month also at 92 per cent.

It could be that car insurance firms offer cheaper deals to those who go green, potentially leading to increased uptake.

"There is a groundswell of interest in alternative fuelled vehicles and this is reflected in the strong performance being recorded against guide values in a market that is otherwise seeing values in decline," said Tony Ganon from the BCA.

Meanwhile, the BCA's latest used car index has shown a vehicle value decrease to £5,532 during quarter two.

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