A study carried out by Sainsburys Bank looking at data for the last 12 months has shown an increase in car insurance cover of 5.8 percent.
Sainsburys Bank has been studying the data since 2005 and this is the first time that the average annual premium has gone over the GBP500 mark, standing currently at GBP514. Commenting on this increased cost a spokesperson explained that premiums take into account both the cost of vehicle repair and personal injury and as these increase so premiums have to go up to cover those costs.
Car insurance premiums are also affected by the number of claims, something Sainsburys Bank would like to see reduce. They are therefore asking drivers to take more care behind the wheel, avoiding dangerous activities in order to have less accidents which will then lead to a reduction in insurance costs.
A spokes person from Gocompare.com has talked about the importance of not auto renewing their car insurance policy. Motorists should not allow motor insurers to auto renew their car insurance when their annual term finishes, as most renewal prices are much higher than last year’s price and often less competitive than other insurers. Motorists should not let insurance companies renew their premium automatically without checking prices from other insurers first, as there are potentially cheaper deals out there. Motorists need to be proactive when it comes to their car insurance renewal period. You can often find a cheaper car insurance deal if you are prepared to search around and get other quotes from other insurers. Try using a comparison table like ours to compare policy features and benefits from each car insurer provider. See our car insurance comparison table for the latest offers. Plus, reading our guides and tips pages can offer consumers more detailed information and money saving hints.
Motorists planning to drive in the Republic of Ireland are being advised by the AA to check their car insurance policies.
It is often the case that motor vehicle insurance provides cover at a lower level outside the UK than in it, though many people do not think of Ireland as being outside the United Kingdom. Motorists will usually have third party cover say the AA, rather than fully comprehensive though insurers do differ in their protection so a call is advised prior to travel.
Also important when driving in a different country is the need for breakdown cover. Again some providers will provide it whilst some will not, it is down to the individual company. AA car insurance and breakdown cover does include these overseas options and can be bought at highly competitive prices, get a quote on Moneygossip and check out the best deals available.
