Latest survey conducted showed that the cost of insuring your car can become a headache for you. Consumer intelligence, Market Research Company revealed that the car insurance policy on an average costs around £565. Car insurance policies for drivers have jumped by £2.1 previous year. Car insurance premium figures for drivers upto 24 years have witnessed a jump by around 25% last year.
The survey index of AA insurance company showed that car insurance premiums in UK have been rising at the fastest speed since 1994. Comprehensive covers rose by 7.2% previous year that means around 20% hike in the initial quarter of 2010. Factors that are being considered as the cause of premium surge are frauds and persuasion by the lawyers. The car insurance frauds are adding upto £44 every year to each household budget.
Recent analysis also suggested that drivers are making low value injury claims, especially whiplash injuries of around £3,000. The spokesperson from AA insurance company believes that the search for cheap car insurance. Car insurance premiums hiked around 11% in last quarter in 2009. According to spokesperson, drivers that are shopping around for cost effective car insurance policies will do the same next year too. He points at the mentality of car insurance companies on this by saying that they think that there is no need for making introductory offers to the drivers that will not stay with them for a longer period and will contribute to prospective business loss for them.
Best way out for the drivers is to look in car insurance supermarket to find the insurance companies that do not have such a mentality. Drivers will not have a hard time looking for good car insurance policies in the supermarket. So if you are on a lookout for a reliable and affordable policy, do not forget to check car insurance supermarket.
All the latest news from the car insurance world brought to you by Supermarket.com the car insurance supermarket.
