After a study of the data gained through the Tesco car insurance comparison site it has been found that car choice is determined a lot by the age of the driver.
The typical Jaguar driver, for example, is 47 years old, whilst if it is a Mercedes then they will be, on average, 43. Moving down a little on the age groups, Volvo drivers tend to be around 42 whilst Porsche drivers, specifically of the 911, Boxster and Cayenne will be around 40 years old.
These marques are only a small sample from the full list, but one thing that is immediately apparent is that, with the average value of these cars higher than the general runabout drivers may well need to be 40 plus in order to get car insurance cover at a reasonable premium, from Tesco Finance or anyone else.
Instead of punishments for not going green the government should use incentives instead says Tesco Finance.
Research carried out shows that around 2 million people already drive an eco friendly vehicle but that is dwarfed by the 21 million who would seriously consider such an option if it was made easier to do so. Tesco Finance found that the cost of buying such a vehicle was prohibitive to many.
The Tesco Finance study also found that those aged 55 and over are the most likely to have gone eco friendly, with 8 percent having a green car. This contrasts with the 34 and under age group where those with an ecologically friendly car is just 4 percent. A Tesco representative saw the research as proof that the nation is happy to embrace green transport as long as it is financially possible for them.
Admiral car insurance has warned car drivers that they could see their premiums 5 percent higher by the end of this year.
In the first half of the year insurance premiums have risen by around 2.5 percent according to data collated by Admiral, with a similar level of increase expected in the second half of the year. On the back of all the other price rises that are hitting consumers there appears to be no escape from rising costs.
What seems to be happening is that the cost of car insurance is going up even though the number of claims is relatively unchanged. Admiral suggest that it may be the increasing cost of repairs that is forcing premiums up.
