The insurance companies have again issued a warning to the insurance holders as the insurance claims premiums are going to rise and you might have to get a new insurance policy from car insurance supermarket. The companies have also given a reason as to why the insurance premiums are rising.
The companies are saying that they are paying more claims than what they are getting as the premiums from the companies. According to a research, the insurance companies are paying almost £1.20 against the payment of £1 that they get as the insurance premiums.
The bodily injury claims are the only reason why the insurance companies feel they should increase the premiums. The online insurance companies made very less money in the year 2009. The people use the claims management companies and the number of no win no fee solicitors is also increasing.
The drivers as a result of this are paying car insurance premiums that are almost 20% more than what they used to pay earlier. If you are a careful driver, you must be paying around £400 as your insurance premiums but it may go up and become almost £480.
You can take a number of steps that you can take to reduce your car insurance costs. The best way to do so is to consult the car insurance supermarket and get yourself a new insurance policy. You can also use the price comparison websites that present you with a number of insurance policies and their prices so that you can choose the best one for yourself. Make sure you know your budget and find an insurance policy that fits into it. Cheap car insurance deals can be found easily if you make use of the supermarkets properly.
