It has been revealed by a car insurance company that sales of expensive sport cars and 4x4s have been reducing as drivers want to save on their premiums due to the tough economy.

The study looked at 1,000 motorists focusing on issues such as the amount of petrol consumed, the price of car insurance premiums and the cost of repairs and road tax.

The insurance firm advised all drivers to get a quote for car insurance costs before they commit to purchasing a policy. When a driver has found a suitable quote, they should then calculate if they can afford the monthly premiums.

Steve Chelton, an insurer manager for the company said: “There are many things to consider before buying a vehicle, and being able to find cheap yet good value car insurance is one of them.”

He added: “With the current financial climate, people are thinking long and hard before committing themselves to buying a new or used car.”