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.
Direct Line are asking all van owners to make sure they have the correct insurance cover otherwise they could find themselves out of pocket in the case of a claim.
Most van drivers use their vehicles for commercial purposes so it is vital that they get the correct van insurance that covers business use. Another aspect that many drivers of vans fail to appreciate is that it is classified as a place of work and so the smoking ban is in force. Drivers can be fined up to GBP2,500 for this warn Direct Line.
Van insurance has become much more competitive in recent years, with companies such as Direct Line recognising the increased demand for cover and therefore developing their products accordingly.
According to a new survey by Liverpool Victoria motorists are finding car repairs too difficult to undertake with modern cars.
Around 33 percent of drivers find the lights and information on their dashboards confusing, while some 75 percent feel that, in the event of a vehicle breakdown, they would be unable to repair the car themselves. Such is the way with modern cars that almost 50 percent of people in the Liverpool Victoria survey have no idea what is under the bonnet, since they rarely if ever open them.
The results of the survey highlight firstly the need for breakdown cover since most car drivers need that roadside assistance and also that car insurance cover may well become more expensive as items are not repaired but replaced.
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