There are a number of reasons why the cost of insurance has rocketed over the past year. Unfortuently, those of us who haven't had any claims or convictions still have to foot the bill.
From what I understand the reasons for insurance going up are as follows;
1; An increasing number of un-insured drivers, which means an incresing number of folk having accidents with them and having no-one to claim off.
2; An increasing number of 'staged' accidents in order to put in personal injury claims, (both of the above rife within a certain demagraphic and areas of the country).
3; Plenty of folk who haven't got a clue how to drive in adverse conditions, who between them had a stagering number of accidents last winter.
4; The post-code areas (in terms of risk) has recently been updated. Most areas have gone up in the risk rating.
5; The insurance groupings for cars has also recently been changed from the old 1-20 to (I believe?) 1-40. Unsuprisingly, most vehicles have gone up in the risk ratings.
6; A lot of the insurance firms got their fingers very burnt when the likes of Carlyle Capital, Lehman Brothers and Bear Stearns went tits up. They now recoup those massive losses, running into Billions of $ from us, their customers.
Personally, I would whole heartedly reccomend A-Plan. I've been with them now for 4-5 years, and have always found their prices to be very competitive and their service to be first class. On our four car policy I only saw a price increae of £11 this year. Considering that many I know have faced price increases running into hundreds of pounds, I thought an increase of £2.75 per vehicle pretty good.
One firm that I would suggest to stay well clear from in Adrian Flux. Neither I, nor many other people I know have anything good to say about them.
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Topic: cheaper car insurance? (Read 1531 times)