Hot Hatches

March 14th, 2010

With the majority of Britain proven to be image conscious, it’s no surprise that the popularity for today’s hot hatches is increasing. But what car insurance customers are unaware of, is the fact that having one of these sporty cars could increase your motor insurance premiums.

In recent insurance research done by Swiftcover found that sometimes it doesn’t matter how old motorists are, or how much road experience they have, it could still mean forking out a hefty amount for car insurance on a more luxurious hatchback.

The research showed that even a 30 year old man, with over 5 years no claims bonus could end up getting a car insurance quote of over £1000 on a Volkswagen Golf GTI, whereas if he were to opt for VW’s calmer version of the Golf hatchback, he could be saving over £500 on his annual premium.

It is mainly younger drivers who are tempted for the larger engine and sportier car, but car insurance claims figures show that these vehicles are more likely to be involved in an accident, cost more to repair and also appeal more to thieves.

swiftcover.com’s figures reveal the extra cost of opting for a hot hatch.

All quotes from swiftcover.com and are for a 30 year old male business professional living in Birmingham with five years no claims bonus and a £250 voluntary excess insuring 2010 models.

So, although having a hot hatch looks great, it could end costing more in the long run.

Entry Filed under: advice, insurance, Uncategorized