AA Insurance

The latest figures released from the AA Quarterly British Insurance Premium index reveal upwards trends on car insurance average premiums which is another burden on the average motorist struggling to survive this recession. The average comprehensive premium now stands at £741.66 which is the highest ever recorded.

The average figures for third party fire and theft insurance now stands at a whopping £931.31 which is an increase of 3.4% over the previous period.

According to the AA, the reasons for these continuing increases are attributable to the increasing cost of personal injury claims and legal expense claims. Generally, there are upwards pressures on claim costs which appear to be driving up premiums.

In another revelation, the AA revealed half of all UK insurance companies do not offer third party fire and theft cover which is a blow to young drivers who often opt for this type of cover because it’s the cheapest option.

With premiums forecast to increase each quarter and the economic recession now biting, the concern shared amongst many is an increase in drivers not insuring their vehicles.

Fiat 100 Classic Car

Over the next few years, the Quotesnow Cars Team aim to bring you the latest car insurance news and comment upon new products and services coming your way.

Our aim is to be totally impartial and avoid using insurance jargon where possible. Also we will try to bring an element of fun into what is a traditionally serious business, hence the image of the iconic classic car photo above of the Fiat 500 which has now made a recent comeback in new clothes!

We hope you enjoy our future postings and please feel free to comment. Thank you