April 2008 Car News - GBCarLoans.com

22nd April 2008

Sky high insurance for convertibles is 'a myth'

Convertible cars are only slightly more expensive to insure than standard models, despite their perceived higher security risk.

Traditionally convertibles have been seen as being more vulnerable to theft, due to what Confused.com dubs "horror stories of soft-top slashing and items being stolen from easily-accessed glove compartments".

This, one might reasonably believe, would mean that insurance premiums for convertibles were significantly higher.

However, according to a study conducted by the site, on average a soft-top vehicle costs just £32 more per year to insure than its sturdier counterparts - equating to an extra payment of just 60p per week.

Debra Williams, managing director, Confused.com, said: "Like most of life's pleasures, many drivers will find that the desire to own a swanky new car will outweigh the practical concerns and perceived costs involved.

"However, car insurance is becoming increasingly competitive so whether you are insuring an old banger or a sleek sports car, it is vital to shop around for the best deal in order to make sure that you aren't paying over the odds for your car insurance."

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