Car insurance: Ford motors 'becoming more expensive'

Thursday, 25 June 2009

Motorists who expect to be searching for cheap car insurance in the coming weeks because they are planning to buy a Ford model may want to act sooner rather than later.

The manufacturer has announced it will be putting its prices up from the beginning of July.

On average, the cost of purchasing a vehicle from the company will become about four per cent more expensive.

As a result, prices for models like the C-Max, Kuga, Mondeo, Ka, Fiesta and Focus will rise by between £600 and £700.

Meanwhile, the S-Max and Galaxy will cost approximately £700 and £800 more respectively.

Nigel Sharp, managing director of the firm, explained the unfavourable exchange rate for sterling was behind the move.

"Raising prices in difficult times ... may seem counter-intuitive but, with so many of our costs priced in euros, there is no choice if we are to maintain a viable business," he said.

However, people who do end up having to pay more for their motor may find they can still keep costs down by searching for cheap car insurance.
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