Figures released from the AA reveal that insurance prices have risen 40 per cent in the last year, with average premiums predicted to exceed £1000 by the end of 2011.
Customers can help avoid the rising prices by taking advantage of Peugeot's Just Add Fuel package, which fixes all the major costs associated with running a car for three years with the exception of adding fuel - as the name suggests.
The Just Add Fuel package provides customers with the option of buying or leasing a car, with a price that includes comprehensive insurance, warranty, servicing, breakdown cover and road tax. The customer pays a monthly price, which is fixed for three years, protecting the customer from rising prices.
For example the Peugeot 207 Access with Just Add Fuel is available for £159 a month, with an initial deposit of £1,651. The all new Peugeot 308 Access, with a £2000 is priced at £235 a month. A £2000 deposit on the Peugeot 3008 crossover means a monthly payment of £379.
Commenting on the AA report costs, Neil Moscrop, Sales Director at Peugeot UK said: "It is obviously a huge concern for all of us in the motor industry when rising insurance costs undermine people's ability to run the car they want. Hopefully the new regulations on how lawyers handle personal claims will help reduce that element of cost in the longer term but, in the meantime, we're glad to be able to help with Just Add Fuel.
"However you look at the figures, Just Add Fuel looks fantastic value today but when you consider how insurance costs are expected to rise, fixing those costs for three years could well prove a sound financial decision. And that's on top of the peace of mind that comes with knowing everything is paid for."Published 15 April 2011