Insurance shopping could offset fuel price rises

Motorists could offset the rising cost of fuel by shopping around for the best available insurance deal, it has been suggested.

Figures produced by Gocompare.com show the average petrol car driver is paying £196 more due to high fuel prices than they were 12 months ago, while diesel drivers are now £233 worse off.

However, the website says this deficit could, in both cases, be largely recouped through securing the most cost-effective car insurance.

"The case for switching car insurers is compelling enough at the best of times but with motorists facing increased costs you have to look to save money where you can," commented Gocompare.com’s Hayley Parsons.

"Checking your renewal price by using an insurance comparison site is one of the quickest and easiest ways to try and save money. And saving money doesn’t mean cutting corners either – drivers can see at a glance if they will be able to match their existing cover while getting a cheaper premium."

Gocompare.com has christened this practice ‘Fuel Off-setting’ – or F-off for short.

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