Archive for February, 2010

According to the AA, we are about to pay more for insurance than we did last year, in fact they claim that the insurance index is recording the biggest ever price increase ever.  There are several reasons for this, mainly the increased claims on personal injury and even though it is not mentioned on this AA insurance news item, there are now and abundance of solicitors advertising accident management policies on a no win no fee basis and to contact then before and insurance company.

In short claims have shot up and so our premiums, not great news as the UK comes out of a recession and money is not in abundance. The AA quote some figures suggesting the average comprehensive policy was just over £1000 where the average third party fire and theft policy was £1252, this should show and indication of what types of cars we are driving these days, clearly those with high insurance groups.

Car leasing which accounts for up to 50% of new registrations each year may also be keeping these figures high as they tend to be top end executive cars, doing higher mileages.  Young drivers are also as usual struggling to get cheap car insurance quotes, often opting to be on the parents policy for the first year and then taking advantage of that first year no claims with some polices.