Car insurance: Motorists 'looking to downsize'

Monday, 20 October 2008

Over a third of used car buyers are considering downsizing in a bid to save money on everything from fuel to motor insurance, a new study has suggested.

Research by EurotaxGlass's has found 38 per cent of drivers are planning to buy a smaller, more environmentally-friendly model in a bid to cut costs.

Switching from a petrol car is another way motorists are planning to save money - with some 29 per cent stating they are considering selling their current motor and investing in a diesel vehicle.

Managing editor of Glass's Guide Adrian Rushmore said: "Concerns about running costs are not likely to go away."

He added: "The findings highlight just how keen motorists are to cut the cost of owning and running their cars."

As well as saving money on fuel, people who trade in their current vehicle for a smaller model may find they qualify for low cost motor insurance.

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