Excellent first quarter results for the Admiral group have raised expectations for a record year through the rest of 2008.
Turnover for the car insurance provider was up by 14 percent in Q1 compared with the same time last year at GBP232 million. More excellent news came with the increase in customer numbers that was also recorded. Admiral saw the number of customers rise by 17 percent, a factor that leads them to consider the possibility of a record year.
The CEO from Admiral insurance said that they would keep delivering good results in spite of the difficult trading conditions they are dealing with. Car insurance is something that everyone needs and by being competitive they can win more market share.
Technology is not always right is the message being sent out by car insurance companies such as Direct Line, suggesting drivers should not take the advice of the system blindly.
There have been many occasions when drivers have followed the route given to them by a sat-nav system only to find themselves heading down narrow farm tracks and through deep water. They carry on regardless though feeling that the satellite navigation system cannot be wrong. A big mistake say Direct Line since they have seen an increase in claims because of situations just like these.
If the situation continues then car insurance premiums are sure to rise, a scenario no one wants to see. Direct Line and other car insurance providers have to increase the premiums because of the extra costs they face so it is down to the drivers to make sure they use sat nav as an aid, trusting their own driving knowledge first and foremost.
The RAC are trying to get the message across that as well as buying travel insurance prior to a holiday so car insurance should not be overlooked.
As more Britons travel into Europe and beyond in their cars and on their bikes, so the need for adequate insurance has never been greater. If an accident does occur then car insurance, from the RAC or another provider, will ensure there are people on the end of the phone who are trained to deal with situations. Where there are potential language difficulties then these experts are all the more valuable.
There can also be significant costs involved with accidents abroad, so once again adequate car insurance, like the RAC recommends, is a must. The RAC are best known for their recovery services, and the fact that their European Recovery operation saw a ten percent increase in demand last year underlines the need for sufficient protection when abroad.
