Now could be the time for those looking to purchase car insurance to bag themselves a bargain, it has been claimed.
According to AA car insurance, around the time of the March registration change there is often a peak in motor sales.
However, because of the current financial downturn in the UK, the firm believes it is likely that manufacturers will bee discounting heavily, with car showrooms lowering their prices.
Simon Douglas, director of AA car insurance, said:"Not only will retailers be pinning their hopes on signs of a recovery in car sales, this time of year also sees any underlying increases in car insurance premiums put on hold, or even reducing."
Despite this, Mr Douglas added that leveling of car insurance premiums was unlikely to last.
People using price comparison sites to purchase car insurance may be interested to learn that new regulations for the sector are to be introduced by the Comparison Consortium and the Association of British Insurers.
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