Cheaper car insurance if you save into a pension
Aviva’s statistics show people who save for retirement are less likely to have an accident
Pension savers tend to be safer drivers and should therefore get cheaper car cover, Britain’s biggest insurer has decided.
Aviva’s statistics show people who save regularly for retirement are less likely to have an accident or claim for a stolen vehicle.
It spotted the trend when it analysed claims data for customers who have both a pension plan and motor cover with the firm.
Aviva then ‘decided to pass the saving on’. However, the company does not offer a discount to customers who have a pension with another provider.
Gerry Bucke, manager of car insurance broker Adrian Flux, says: ‘If you are the type of person who is organised and thinks about a pension and saving for the future, then you might be less likely to take risks and therefore a better driver.’
Courtesy: Daily Mail Online