Car premiums rise at fastest rate in 15 years: Motor and Car Insurance UK: Latest Events | |
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| Motor -> Car Insurance UK: Latest Events -> Car premiums rise at fastest rate in 15 years | |
Car premiums rise at fastest rate in 15 yearsThe AA’s car insurance premium index shows average premiums increasing 14% in the past year. In the last quarter alone, typical premiums surged 5.6%, rising at their fastest rate since the AA began keeping records 15 years ago. Motorists who shop around can expect to pay Ј522 on average for fully-comprehensive cover, whereas those who fail to check out the competition can expect to be stung for Ј821. Young drivers are worst affected, as premiums for third party, fire and theft policies rose by 9.3% over the quarter and 17.6% over the year, to an average Ј1,059. According to the AA, motor insurers are struggling to remain profitable. The group’s director of insurance, Simon Douglas, blames rising costs, depleted reserves and lower investment income (the latter as a result of the recession). Both fraud and higher levels of personal injury claims also continue to put pressure on premiums. Alarmingly, Mr Douglas estimates that across the car insurance sector, up to Ј110 is being paid in claims for every Ј100 taken in premiums. The AA’s insurance premium index is based on 1,000 quotes from 90 different providers. | Aviva appoints chief financial officer » Instant Motorhome Comprehensive DiscountsMany females sometimes query about business car auto insurance accident in Seattle or instant motorbike assurance breakdown for young driver. The answer is simple: look at the theme "Car premiums rise at fastest rate in 15 years" about car insurance uk: latest events and observe the threads for ladies from the direct motorhome insurance adjusters.
Category Car Insurance UK: Latest Events |
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