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.
Being caught using a mobile whilst in the car is going to prove even more costly as insurers will increase premiums for those charged says AA Insurance.
Having checked the situation with 8 different insurance companies across the market AA Insurance found that premiums could cost between 4 and 18 percent more because of a mobile phone offence. This can easily add GBP40 or more to the average annual premium.
A spokesman from AA Insurance explained that using a hand held mobile phone whilst driving means reduced vehicle control, slower reaction times and a heightened risk of an accident. Therefore premiums are naturally going to be more as the risk is greater.
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More Than Insurance has confirmed what most parents already knew, that they show less patience than their children on car journeys over the summer.
Data gathered from the survey found about 10 percent of parents feeling the first signs of impatience and irritation in the first 10 minutes of a journey. More Than Insurance also found the average time parents can manage before they want the journey to end is just 24 minutes. Children on the other hand managed a full 90 minutes before feeling they needed to get out. Children do have the benefit of MP3 players, books and games in the car that greatly helps on the journey.
From a car insurance perspective it is important for parents to remain calm so as to retain full control of the vehicle and maintain their levels of alertness toward other road users. More Than Insurance hope this recent survey will highlight this need for parents, leading to safer and more relaxed journeys.
