September 8, 2008
Sainsburys new car insurance offer
Sainsbury Car Insurance has announced that it will begin to offer its customers 12 months worth of car insurance policies for the price of ten. The retailer has launched the credit crunch busting offer after Sainsbury’s Bank discovered that the average price of insurance premiums for UK motorists had increased by nearly 6% in the twelve month period ending June 2008.
Sainsburys Car Insurance commented that British drivers are feeling the financial pressure of the soaring costs of insurance products. The fact that petrol costs have hit record prices in recent years also means that it will make good financial sense for motorists to compare and contrast the best insurance premiums on the market.
A spokesperson for the Association of British insurers stated that if motorists shop around for the best available deals they can significantly reduce the costs of their car insurance. This would benefit younger drivers who normally pay the most for their policies.