Admiral car insurance has warned car drivers that they could see their premiums 5 percent higher by the end of this year.
In the first half of the year insurance premiums have risen by around 2.5 percent according to data collated by Admiral, with a similar level of increase expected in the second half of the year. On the back of all the other price rises that are hitting consumers there appears to be no escape from rising costs.
What seems to be happening is that the cost of car insurance is going up even though the number of claims is relatively unchanged. Admiral suggest that it may be the increasing cost of repairs that is forcing premiums up.
A spokes person from Gocompare.com has talked about the importance of not auto renewing their car insurance policy. Motorists should not allow motor insurers to auto renew their car insurance when their annual term finishes, as most renewal prices are much higher than last year’s price and often less competitive than other insurers. Motorists should not let insurance companies renew their premium automatically without checking prices from other insurers first, as there are potentially cheaper deals out there. Motorists need to be proactive when it comes to their car insurance renewal period. You can often find a cheaper car insurance deal if you are prepared to search around and get other quotes from other insurers. Try using a comparison table like ours to compare policy features and benefits from each car insurer provider. See our car insurance comparison table for the latest offers. Plus, reading our guides and tips pages can offer consumers more detailed information and money saving hints.
The car is being blamed for most of the pollution of the world, though this is far from reality as far as many are concerned. However Budget Insurance are on hand to help make it all better with their new emissions offsetting car insurance policy.
The insurer claims that one hundred percent of the customers carbon dioxide emissions will be offset for the duration of the policy. How this will work is that a contribution will be made to projects organised by the Carbon Neutral Company, who are overseeing different eco friendly activities across the globe that are helping clean it up.
This initiative from Budget Insurance is seen by some as a practical solution to going green, recognising that the car is a much needed mode of transport in many parts of the UK, but wanting to do something to mitigate its effects on the environment.
