Auto insurance cost drops following crackdown on fraud

auto insurance rates

The price associated with covering a car has rapidly fallen since the new efforts went into effect. In the United Kingdom, the cost of auto insurance is dropping rapidly following a fraud and claim management company crackdown that has been very effective in shrinking the problem. According to recent data, the average annual comprehensive coverage quote has plummeted. The AA, over the past year, there has been a reduction in the size of comprehensive auto insurance quotes by approximately 10 percent. This is the largest decrease that has been recorded…

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Nationwide joins comparethemarket.com to offer auto insurance to the UK

Comparethemarket.com, one of the largest price comparison sites serving the insurance industry in the UK, has announced that Nationwide Insurance has joined its panel of insurers. The company, which boasts of being one of the largest property insurers in the U.S., also has an expansive line of auto insurance products. These products will be submitted to the comparethemarket.com website where they will be subject to comparisons of policies offered by other companies. Jeremy Moll, commercial director for comparethemarket.com, hopes that consumers will have a broader understanding of the differences in…

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Auto insurance survey shows 9 out of 10 drivers UK exceed the speed limit

Autocar, a car insurance provider in the United Kingdom, has released the findings of a recent survey that showed that an enormous 90 percent of drivers in the country admit to exceeding the speed limit on freeways while driving. Only a small fraction of the survey participants – 3.5 percent – claimed that they had never before broken the 70 mile per hour speed limit on the country’s freeways. Equally, 94.6 percent said that at some time, they were aware that they had gone over the speed limit when they’d…

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More than half of U.K. motorist have serious gaps in their insurance coverage

The results of a recent survey performed by ALA, an independent insurance broker, has determined that over 75 percent of drivers in the United Kingdom do not have enough auto insurance to cover them if their vehicle were ever to be stolen or written off.     According to the survey entitled “Mind the Gap”, the issue among British drivers is that 77 percent of them have not obtained enough coverage to match the value of their vehicle – or at a bare minimum, very affordable financing – should it need to…

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