CARDIFF, WALES, May 02, 2012 (Press-News.org) Confused.com has announced that, according to its recent survey, first-time buyers are becoming more savvy to the cost of cars; looking at the full cost of motoring rather than just the cost of buying a car.
Cars are one of the biggest expenses that people make in their life time, with 76% of respondents to the Confused.com survey stating this. However, people are having to compromise on the cars they drive. Big engines and car modifications no longer the new driver's prerogative, due to the cost of insurance and overall rising cost of motoring.
According to Confused.com's research, motor car insurance is viewed as a 'huge expense' by 66% of people. This is because the cost of an average comprehensive policy is GBP1,869 for women aged 17-20 compared with GBP3,635 for men.
Confused.com's research showed almost 70% of people chose their first car with an engine size of 1.3 litres or less, with 15% of under 24s citing insurance cost as the main reason for choosing a care with a smaller engine.
To keep costs down, new drivers are opting for the Ford Fiesta, which was voted the most popular first car, followed by the Mini One, in the poll of 2,000 drivers (selected from a list of 52 different makes and models).
For a 17-year-old male to insure a Ford Fiesta Encore 1.3 litre engine, the insurance premium would cost on average GBP5,372.96. This compares with the cost for a first-time buyer purchasing a Volkswagen Golf GTI 2 litre engine, which would cost GBP12,144.75 for insurance cover. This is more than double the cost of insurance for a Ford Fiesta, the first-time buyers' car of choice.
Gareth Kloet, Head of Car Insurance at Confused.com, said: "Car insurance is a huge purchase for young drivers. However, our research tells us that these drivers are adapting to pressures and opting for smaller, cheaper cars, in order to minimise their insurance premiums.
"Buying your first car is a really exciting purchase. For the first-time buyer, cost is an important factor with 50% saying that price affects their purchase, and 35% of first-time buyers paying GBP500 or less for their first car."
To help young drivers, Confused.com advises them to first decide how much they can afford to pay for their first car; not just the sum to buy the car itself but also the running costs - insurance, MOT, vehicle excise duty, petrol, repairs and servicing. Confused.com encourages first-time car buyers to shop around on a price comparison site and add an experienced named driver onto their insurance.
About Confused.com:
Confused.com was the UK's first price comparison site for car insurance. Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include specialised insurances such as buy to let home insurance, learner driver car insurance, women's car insurance, and mortgage life insurance breakdown cover, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides an objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com's service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.
Confused.com Reveals That First-Time Drivers Prefer Smaller Cars
Confused.com has revealed that first-time buyers are choosing smaller cars to keep motoring costs down.
2012-05-02
ELSE PRESS RELEASES FROM THIS DATE:
Prudential Reveals Saving Money is Top Priority for Thrifty Retirees
2012-05-02
Prudential has revealed the results of new research which shows the top priority for people intending to retire this year is saving money to ensure they have enough to live on in retirement. Nearly 6 out of 10 people (57 per cent) said saving will be a top priority.
The insurer's Class of 2012 study, which looks at the finances and expectations of those planning to retire this year, also found that women are more likely than men to prioritise saving during retirement. 62 per cent of women will make this a priority compared with 52 per cent of men.
Although saving ...
Superior Restoration Offers Tips for Protecting Your Home From Flooding
2012-05-02
Summer vacation season is almost upon us, and while many homeowners think about protecting their home from break-ins while away, few stop to consider the risk of flooding. Flood damage can occur while homeowners are away and can leave them with permanently damaged possessions and costly home repairs upon their return.
Superior Restoration, a company with 17 years of experience repairing water damage in San Diego, wants to help homeowners to enjoy peace of mind during their travel time this summer by minimizing the risk of flood-related damage while they are away from ...
Rob DeVincent of Corcentric to Differentiate AP Solutions in "Just the Facts: A Look Into the Types of AP Automation Solutions" at IOFO's Fusion 2012
2012-05-02
Corcentric, a leading provider of Accounts Payable automation solutions, today announced Rob DeVincent will be speaking at the Institute of Financial Operations' 2012 Fusion Conference, the largest conference for AP professionals and professionals working in all areas of financial operations. DeVincent's session titled "Just the Facts: A Look into the Types of AP Automation Solutions," is session #255 in the AP focus discipline. This session, which offers one Business Management and Organization credit to attendees, will take place on Monday, May 14, 2012 from ...
Consumer-Focused New Wine Fundamentals Offered in Webinar Format
2012-05-02
The New Wine Fundamentals program, including the new wine and food principles recently adopted by the Wine & Spirit Education Trust, are being taught by Master of Wine Tim Hanni in an internationally available Webinar May 15th and 19th, 2012. "This new approach stresses deepening our understanding of the physical and psychological factors that influence consumer wine preferences over traditional, product-based industry 'wine education'", Hanni said. "The Webinars are designed for wine professionals, educators and the hospitality trade in a 'train the ...
Blood pressure drugs linked with lower PTSD symptoms
2012-05-02
Traumatized people who take a class of common blood pressure medications tend to have less severe post-traumatic stress symptoms, researchers have found.
The finding suggests that ACE (angiotensin converting enzyme) inhibitors or ARBs (angiotensin receptor blockers) could be valuable tools for treating or preventing post-traumatic stress disorder.
The results were published online May 1 in the Journal of Clinical Psychiatry.
"These results are particularly exciting because it's the first time ACE inhibitors and ARBs have been connected to PTSD, and it gives us a ...
Treating childhood obesity: A family affair
2012-05-02
WINSTON-SALEM, N.C. – May 1, 2012 – With nearly one-third of American children being overweight or obese, doctors agree that there is an acute need for more effective treatments. In many weight management programs, the dropout rate can be as high as 73 percent, and even in successful programs, the benefits are usually short term.
Although family-based approaches to pediatric obesity are considered the gold standard of treatment, theories of the family and how it functions have not been incorporated into effective interventions, according to a study published in the May ...
National poll: Low cost, lifesaving services missing from most older patients' health care
2012-05-02
New York, NY(May 1, 2012) – Large majorities of older Americans experience significant and troubling gaps in their primary care, according to a new national survey, "How Does It Feel? The Older Adult Health Care Experience," released today by the John A. Hartford Foundation, a champion for improved geriatric care and longtime partner of the Hartford Institute for Geriatric Nursing at New York University's College of Nursing.
The poll focuses exclusively on Americans age 65 and older and assesses whether, in the past 12 months, patients received seven important medical ...
Aaron Wargo Joins Corcentric as National Account Manager
2012-05-02
Corcentric, a leading provider of Accounts Payable automation solutions, today announced the appointment of Aaron Wargo to the role of National Account Manager. Aaron brings more than 18 years of experience in Demand and Account Management and Sales in the Finance and SaaS Software industries.
Previously, Aaron served as Manager of Demand Management at Ariba Financial Solutions, where he was responsible for managing a multi-lingual team tasked with creating qualified sales throughout North America, South America, and Europe. Before joining Ariba Financial Solutions, ...
Jurassic pain: Giant 'flea-like' insects plagued dinosaurs 165 million years ago
2012-05-02
CORVALLIS, Ore. – It takes a gutsy insect to sneak up on a huge dinosaur while it sleeps, crawl onto its soft underbelly and give it a bite that might have felt like a needle going in – but giant "flea-like" animals, possibly the oldest of their type ever discovered, probably did just that.
And a few actually lived through the experience, based on the discovery by Chinese scientists of remarkable fossils of these creatures, just announced in Current Biology, a professional journal.
These flea-like animals, similar but not identical to modern fleas, were probably 10 ...
Small Businesses Encouraged to Secure Their Premises
2012-05-02
Whatishealthandsafety.co.uk has urged small businesses to increase the health and safety of their workplace. The reputable online resource has warned company owners about the dangers of theft and is keen to minimise criminal activity.
According to the website, a whole range of organisations are targeted by thieves every year. Many companies struggle to cope with a lack of supplies and are unable to continue working throughout these turbulent economic times. As a result, health and safety experts have encouraged entrepreneurs to stock up on branded asset tags and are ...
LAST 30 PRESS RELEASES:
Walking, moving more may lower risk of cardiovascular death for women with cancer history
Intracortical neural interfaces: Advancing technologies for freely moving animals
Post-LLM era: New horizons for AI with knowledge, collaboration, and co-evolution
“Sloshing” from celestial collisions solves mystery of how galactic clusters stay hot
Children poisoned by the synthetic opioid, fentanyl, has risen in the U.S. – eight years of national data shows
USC researchers observe mice may have a form of first aid
VUMC to develop AI technology for therapeutic antibody discovery
Unlocking the hidden proteome: The role of coding circular RNA in cancer
Advancing lung cancer treatment: Understanding the differences between LUAD and LUSC
Study reveals widening heart disease disparities in the US
The role of ubiquitination in cancer stem cell regulation
New insights into LSD1: a key regulator in disease pathogenesis
Vanderbilt lung transplant establishes new record
Revolutionizing cancer treatment: targeting EZH2 for a new era of precision medicine
Metasurface technology offers a compact way to generate multiphoton entanglement
Effort seeks to increase cancer-gene testing in primary care
Acoustofluidics-based method facilitates intracellular nanoparticle delivery
Sulfur bacteria team up to break down organic substances in the seabed
Stretching spider silk makes it stronger
Earth's orbital rhythms link timing of giant eruptions and climate change
Ammonia build-up kills liver cells but can be prevented using existing drug
New technical guidelines pave the way for widespread adoption of methane-reducing feed additives in dairy and livestock
Eradivir announces Phase 2 human challenge study of EV25 in healthy adults infected with influenza
New study finds that tooth size in Otaria byronia reflects historical shifts in population abundance
nTIDE March 2025 Jobs Report: Employment rate for people with disabilities holds steady at new plateau, despite February dip
Breakthrough cardiac regeneration research offers hope for the treatment of ischemic heart failure
Fluoride in drinking water is associated with impaired childhood cognition
New composite structure boosts polypropylene’s low-temperature toughness
While most Americans strongly support civics education in schools, partisan divide on DEI policies and free speech on college campuses remains
Revolutionizing surface science: Visualization of local dielectric properties of surfaces
[Press-News.org] Confused.com Reveals That First-Time Drivers Prefer Smaller CarsConfused.com has revealed that first-time buyers are choosing smaller cars to keep motoring costs down.