UK Car insurance premiums in large rise
Car insurance costs climbed 7.2 per cent in the last three months of 2009, their biggest-ever quarterly rise, according to the AA's British Insurance Premium Index. Over the year, average motor premiums soared 18 per cent. The rise left the average comprehensive policy above £1,000 for the first time.
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Source: UK Car insurance premiums in large rise
Quote from the article:
| "There is no sign of premiums easing," warns Simon Douglas, director of AA Insurance. "We will continue to see increases over the coming year." Last week Zurich said it will be increasing the cost of its premiums by a fifth in 2010 and there is likely to be more bad news for motorists ahead. "Other insurers will follow Zurich's lead," says Will Thomas, head of car insurance at Confused.com. "Pricing has had to change due to a number of factors, not least the year-on-year increase in personal injury claims brought on by the new breed of litigation-savvy motorists assailed by ambulance-chasing injury lawyer adverts on the television." |
Source: UK Car insurance premiums in large rise
