Research from AA Insurance has found that around 22 percent of people in the UK are intending to take a holiday in Britain this year in order to cut down their costs of travel.
It appears that the rising costs in all aspects of travel are making people think about alternatives to try and reduce their expenditure. This has also driven more people to look at smaller vehicles to save money that way. There can also be insurance benefits in this, as well as better fuel economy said an AA Insurance representative.
As with all things the key is to find something that is suitable, so making sure there is enough room for people, that the engine can deliver the performance needed for regular long journeys and so on. AA Insurance see claims for all sorts of issues relating to unsuitable vehicles, so ensuring it is fit for the job it will have to do is paramount.
A study carried out by esure car insurance has found that younger drivers are more likely to buy an environmentally friendly car than older drivers.
Over 80 percent of drivers under 25 would consider using a hybrid, electric or bio fuel car according to the esure survey results, reflecting their attitude to the future of the planet or perhaps their concern at the rising cost of fuel. In fact 20 percent of all drivers said they would think about moving to a more fuel efficient vehicle to save money.
The hybrid and electric cars are certainly cheaper to run than existing petrol models, though initial purchase cost is high. Car insurance premiums are also relatively high due to the cost of any repairs that may be needed. Being new and innovative means parts cost much more than regular models.
Direct Line are asking all van owners to make sure they have the correct insurance cover otherwise they could find themselves out of pocket in the case of a claim.
Most van drivers use their vehicles for commercial purposes so it is vital that they get the correct van insurance that covers business use. Another aspect that many drivers of vans fail to appreciate is that it is classified as a place of work and so the smoking ban is in force. Drivers can be fined up to GBP2,500 for this warn Direct Line.
Van insurance has become much more competitive in recent years, with companies such as Direct Line recognising the increased demand for cover and therefore developing their products accordingly.