Industry News from Yes Insurance

Motorists thinking of investing in a used car so they can opt for cheap third party insurance may be well-advised to get searching sooner rather than later, it has been suggested.

According to vehicle information company HPI, now is a great time to buy a second-hand motor as prices are really competitive.

However, it pointed out the situation will not stay this way forever.

The group said values in some sectors were already starting to creep up - with small cars, luxury vehicles and 4x4s among the motors experiencing increased demand.

Spokesman Martin Keighley explained more Brits were cottoning onto the fact there are some great deals available on used models.

"For the man on the street, this means that the value of these cars is on the rise, albeit they currently still represent an extremely attractive buy," he stated.

People opting for third party insurance may find it useful to speak to a potential provider before purchasing a policy and confirm exactly what will be covered in the event of an accident.

Looking for a cheap car insurance quote? Why not try yesinsurance.co.uk