The year 2008 has seen a 3% drop in the car insurance premium rates, but there are hopes of it to rise again this year.
According to Sainsbury’s Car Insurance, a car insurance provider, there has been a 3.1% drop in the car insurance premium rates from June 2008 to December 2008. The average motor insurance premium, during December 2008 was £498.22, as opposed to that in June 2008 which was £514.16.
But, the figures are to positively change for the year 2009 as there has been a rise in the Personal injury claims. The personal injury claims have risen up by 22%, last year, to a total amount of £6 billion.
Joanne Mallon manager of Sainsbury’s car insurance, said, “The average motorist is still looking at around £500 to insure their car.” Thus , increasing demands for comprehensive and cheap insurances. Commenting on the rise in personal injury claim, she said “Premiums could rise as a result of the rising cost of personal injury claims and also repairs.”
Continuing, Ms.Mallon mentioned that around two thirds of the motorists are involved in some form of a potentially hazardous activity while driving like using cell phones or eating, which may result in accidents.
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