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 new car insurance policy has been introduced by More Than, designed especially for female drivers.
As part of the promotion for it, More Than Insurance are including a number of rewards and discounts with big name high street retailers. They have also built in key options that are well suited to the needs of female drivers. These include prioritized roadside assistance, a replacement vehicle provided within 2 hours, female friendly garages and up to GBP3,000 of cover for handbags and their contents.
A More Than car insurance spokeswoman was pleased to be able to offer a service that catered for the specific needs of women drivers so well. They went on to add that even the roadside recovery agents used would be able to find the driver by tracking their mobile phone and would be equipped with child friendly vehicles that included things to entertain the children.
The view of Swinton, the biggest insurance broker on the high street, is that drivers with six points plus on their licence will soon be the norm, categorised as standard.
With the advent of the speed camera and the often scandalously low speeds at which they are set to trigger, Swinton feel it is not right to automatically penalise drivers because of these points. Bearing in mind the fact that approximately six million drivers have points on their licence, which is over ten percent of the whole population of the country, the approach from the insurer seems a very fair and sensible one.
Swinton are taking the view that the driver with six points on their licence today is as safe as the one who had three points five years ago and no points ten years ago. We just hope other insurers follow suit.
