Compare car insurance to get good annual deals, says expert

By Mozo ·

Aussie motorists should compare car insurance to ensure they are getting the best deal over the course of a year, one expert has suggested.

Bourke Shaw Financial Services principal Lawrence Orlando noted that people can sometimes save money by paying for car insurance on an annual, rather than monthly, basis.

Speaking to News Limited, he said: "For example, one insurer offers an annual premium of $566.20 for a 2009 Holden Commodore comprehensive with all the bells and whistles.

"The same insurer's monthly premium consists of a one-off $122.17 and 10 monthly payments of $54.16, totalling $663.77 or an extra $97.57 dearer."

Meanwhile, Budget Freedom managing director Martin Grace urged motorists to be wary of "over-insuring" cars that are not worth a great deal.

Last week, ABC News reported on how residents in Perth are still waiting for insurers to pay out for repairs to their cars and homes six months after a major storm hit the city.

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