UIA Insurance News

Car insurance could remain popular thanks to scrappage boost

Drivers looking to purchase car insurance for their new car might be delighted that the government's scrappage scheme is to receive a £100 million cash injection.

The scheme allows drivers to trade in their old cars in return for £2,000 towards a brand new model.

Many drivers have been busy buying car insurance for their new vehicles.

Almost 230,000 cars have been involved in the scheme so far and the extra £100 million will create room for 100,000 more.

The Society of Motor Manufacturers and Traders last week revealed that car production for domestic use in the UK is now at a 56-month high.

And carsite.co.uk recently recorded that used cars have increased in value by 30 per cent due to the government's scheme making older cars more sought after.

By Samuel Tudor

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