UIA Insurance News

Car buyers 'being taken for a ride'

Car buyers in the UK could be being ripped off by manufacturers bumping up their prices due to the popularity of the government's car scrappage scheme, it has been noted.

Figures revealed by Which? have shown that some manufacturers have increased the listing prices of their vehicles by up to 14 per cent in recent months.

Anyone thinking of purchasing a new car should also remember to take out comprehensive car insurance on their vehicle when doing so.

Richard Headland, editor of Which? Car, said: "Most buyers are being attracted by the £2,000 discount on a new car and the scrappage scheme can offer some good deals. But with new car prices being hiked up, the scheme can be a false economy."

Meanwhile, UK homeowners were recently urged to split their car and home insurance policies in order to get a better deal.

Research carried out by AA Insurance revealed that more than a third of all households could save up to 59 per cent on their premiums by holding this cover through separate insurers.

Did you know that UIA offers competitive rates on home insurance? Great deals also available on car insurance, travel insurance and pet insurance too. Up to 15% discount when you apply online.

Written by Samuel Tudor.