Swinton, the UK’s leading high street retailer of car insurance is reporting a moderate increase for quotes on cars with engines over 2000cc compared to this time two years ago.
The insurance broker has also seen a small decrease in the amount of cars with engines less than 1,000cc during the same period.
Engine size is one of the key factors that can affect a motorist’s car insurance premium; generally, a larger engine will mean a higher premium while the opposite is true for a smaller engine.
Swinton’s findings are backed up by a study by the Office for National statistics, which has reported that the number of licensed vehicles with the engine capacity of more than 2,000cc increased from 2.3 million in 1999 to 4.0 million in 2008.
Steve Chelton, Insurance Development Manager at Swinton said, “Engine size is one of the key elements that can affect a customer’s insurance premium. Customers should always get an insurance quote on a car they are planning to purchase so that they know how much they will have to pay and are not left with a hefty insurance premium they cannot afford.”
– With 580 branches nationwide Swinton is the UK’s largest high street insurance retailer
– Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community
– Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance
– With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates
Contacts: SKV Communications Anoushka Done, Anna Asamoah or Mairead Rodden 0161 838 7770 www.skvcommunications.co.uk