Car insurance: Just two accidents could double premiums

Wednesday, 03 February 2010

Just two accidents could double the price a driver pays for their car insurance, new research has revealed.

As many parts of the UK are hit by further bouts of ice and snow, drivers are being advised to reduce the risk of having to claim on car insurance by being extra vigilant on the roads.

Comparison site Confused.com analysed hundreds of car insurance quotes before accidents were recorded and after two accidents had been reported.

In some cases, it found that the cost of car insurance premiums following two accidents had increased by more than 200 per cent.

Will Thomas, head of motoring at Confused.com, said: "Just a couple of accidents could double your premium and more.

"When you consider the average premium in 2009 was £400, that’s a lot of money to lose."

Continuing snow and ice have bought about a 75 per cent increase in car insurance queries, according to Swiftcover.

Posted by Rick Malone

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