Rockets auto insurance This year, motorists see the largest increase ever in their insurance premiums, according to an independent review of intelligence research body for consumption.
The average premium is now 564.69 pounds, which represents an increase of 19.6% compared to January 2009, but the main factors driving this record-high premiums are rising claims costs for personal injuries and fraud.
The increase of 19.6% will cause the drivers in the UK are collectively facing a total bill has increased by 2.1 billion in the same period in 2009. However, shop around for the best deal drivers can reduce their premiums up to 35%.
New figures show that over 55% of drivers who have changed insurance companies in 2009 were able to save an average of 50 pounds. The figure should increase in 2010.
Younger drivers were most affected by rising premiums, with children 17 to 24 years, against an increase of 24.87% compared to an average of £ 1275 in January 2009 for £ 1489.44 in December. The increase is almost double that experienced by drivers aged 65 and over. This age group had the lowest increase in premiums.
The men are facing the largest increase in their insurance premiums already and over the last 12 months the average policy for a man rose 20.1% to £ 599.65. This compares to an increase of 19.1% to £ 523.55 for women.
There is a worrying thought among commissioners who fear that this record increase could result in motorists simply chose not to insure their vehicles and drive illegally, or feel they can no longer afford to have a car . These doubts are already in play by drivers of BMW 3 Series used in Swindon . If premiums become too high, it will be very difficult to pay their cars altogether, especially in this recession.
To reduce their auto insurance rates, motorists must be wondering what kind of vehicle they drive, and make sure they shop around for cover. With so many insurance providers to choose, the difference between the best and the worst estimate can be huge
Posted on March 21, 2010.
