Rise in numbers seeking lower car insurance premiums

Saturday, 20 November 2010

More people are looking for cheaper car insurance premiums than before, a new survey has revealed.

Some 53 per cent more drivers are looking for less expensive motor insurance premiums, following BBC 1's Watchdog report on increasing insurance costs, according to price comparison site Confused.com.

Head of car insurance at Confused.com, Will Thomas, said: "Prices have risen by 37.5 per cent in the last 12 months, with premiums now standing at £650 on average. Seventeen to 20-year-olds have seen prices rise by a massive £616 over the last 12 months.

"It's now more important than ever that motorists vote with their feet and if they're not happy with their renewal quotes they shop around and seek alternatives.

"However, there's no escaping the fact insurance premiums have increased dramatically and most people will be affected."

If premiums continue to rise, Confused.com believers there will be more uninsured drivers on the roads, more motorists who are under-insured and more fraudulent claims.

According to the Motor Insurers' Bureau, uninsured and untraced drivers kill 160 people and injure 23,000 every year.

Posted by Rebecca Mellor 

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