Financial news categories
Financial news archive
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Motorists to be hit by rise in car insurance premiums
01 August 2008
Motorists are being urged to shop around for a new car insurance deal as premiums continue to rise, according to moneysupermarket.com.
According to AA's quarterly British Insurance Premium Index, the average quoted premium for comprehensive car insurance has increased by £20 while young drivers have been hit the hardest as they are more likely to make a claim.
Peter Gerrard, head of insurance at moneysupermarket.com, said: "All the premiums are going up and they [the insurers] will have a competitive offering whether it is either a cashback or a really low premium for you."
Young motorists can lower the cost of their car insurance premium by driving on their parent's policy, claims moneysupermarket.com.
"You can still make things easier by shopping around each year and there's other things to help your circumstances where you can get help in keeping it as low as possible," added Mr Gerrard.
Research by MoneyExpert.com revealed that the average premium for fully comprehensive insurance is currently around £682.
