Marry for Richer Not Poorer, Says Confused.com
Married couples can save up to 1.5 times more on their car insurance than singletons, according to research from Confused.com - the UK's leading car insurance comparison service.
Cardiff, UK (PRWEB) May 22, 2008 -- Despite the fact that the UK is experiencing the lowest marriage rates since 1862, getting hitched seems to pay when it comes to car insurance. Married couples save an average of £82.70 more than their single counterparts annually - a figure which soared to £228.01 in one case.
Married men tend to fare better than women, saving an average of £106.88 on their car insurance premiums annually, compared with £58.51 for women. However, this could be attributed to the fact that single men's premiums are initially considerably higher than those of their female counterparts.
Debra Williams, managing director at Confused.com, said:
"Despite the old male adage that women prosper more from a marriage arrangement than their out-of-pocket husbands, our research shows that marrying a woman can in fact save men a considerable amount on their car insurance.
"However, it is important to remember that car insurance quotes can vary wildly, and so shopping around for the best bet is always advised. Price comparison websites are designed to help consumers find the most appropriate deal for them - whether it is the price, or a specific brand which is of the most importance to them."
Notes to editors
Data provided by Confused.com. Correct as of March 2008
Profiles based on a single and married male and female, 2003 Golf 1600 5-door hatchback driving civil servant from Manchester.
About Confused.com:
Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it dominates the car insurance aggregator market and generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides its customers with a free, wholly objective comparison service to help with their decision making. Using cutting-edge technology, Confused.com has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers search, buy and apply for whichever product or policy best matches their individual needs. Its service is based on the most up to date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.
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See the original story at: http://www.prweb.com/releases/2008/05/prweb963284.htm
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