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 report from Green Flag shows that we are spending more time than ever before simply waiting – be it in a traffic jam, in a shop queue or for a delivery.
The report reveals we spend around six months of our life just waiting! It seems over a third of the people asked spend over and hour a week waiting in queues at shops and supermarkets. Add in waiting at service organisations, especially banks, and that figure rises to almost two hours.
We are all familiar with waiting in traffic, from the school run delays in the morning, through shopping traffic and the often disrupted motorway journeys. These can be infuriating but Green flag do advocate a policy of not getting stressed to avoid ill health and accidents.
A traffic queue can sometime lead people to drive more aggressively to get out of it, or into a space, but the upshot of that is they may then have to make a claim on their car insurance, which will cost them far more than the time they spent waiting.
