Auto insurance in the U.K. became much more costly, last year

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According to data from the ABI, premiums for insuring a car increased by an average of 8 percent. In the final quarter of last year, auto insurance premiums in the United Kingdom increased by an estimated 7 percent, when compared to the rates that had been charged to customers during the previous quarter. Throughout all 2015, it is estimated that the increase in car insurance premiums in the U.K. was 8 percent. The increase in auto insurance increases had a great deal to do with a premiums tax that has…

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Auto insurance premiums continue to grow in the UK

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UK reports greatest increase in premiums it has seen since 2011 Auto insurance premiums in the United Kingdom saw the greatest increase in 2015 that have been reported in the country since 2011. Throughout 2015, rates have been growing steadily, with some drivers expressing concern regarding the increased financial pressure. According to’s auto insurance price index, rates in the UK rose by an average of 13.2% overall. In the fourth quarter of last year, rates grew by an average of 6.9%. Insurance Premium Tax and other factors are affecting…

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Auto insurance fraud is coming back to the UK

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Insurers are seeing a growing number of fraudulent whiplash claims coming from drivers and other parties Drivers in the United Kingdom can expect to pay more for their auto insurance coverage, as the plague of fraudulent whiplash claims has returned and may be worse than ever. Fraud has placed many insurers under greater financial pressure, and falling profits typically mean higher insurance premiums. As fraud becomes more prevalent, drivers may see an increase in their auto insurance premiums of an average of 15% next year. Fraud is becoming more common…

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Auto insurance premiums to rise in the UK

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Esure announces that it intends to raise insurance premiums Esure, a prominent auto insurance provider in the United Kingdom, has warned its customers that it intends to raise premiums for the policies it provides. The company is citing the growing number of personal injury claims as the reason behind the rate increase. Esure has generated more than $3 million in auto insurance underwriting profits from January to June this year. This is a 80% decrease in the profits the company say over the same period last year. Insurer highlights the…

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Auto insurance prices in U.K. continue to drop

Auto Insurance Savings

According to the A.B.I., the average amount paid to cover a vehicle is still on its way downward. The cost associated with purchasing and owning auto insurance in the United Kingdom has dropped another 9 percent over the last year as a growing number of consumers are using the resources available to them over the internet to be able to comparison shop and find better rates. This, according to a survey which also credits fewer claims into the dropping premiums. The data was provided by the Association of British Insurers…

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Largest auto insurance scam in the U.K. uncovered

Auto insurance fraud

The police have linked 60 people with the massive fraudulent claim program which is among the biggest in the country. It has just been reported that there have been 60 people that have either pleaded guilty or that have been convicted with being involved in one of the biggest auto insurance fraud scams in the United Kingdom. The range of the scam was so great that people within the area in which it was occurring were paying far more. The primary culprits behind the auto insurance fraud were in Derwentside,…

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Auto insurance premiums in the U.K. could fall for young drivers

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Monthly bills could fall by as much as 20 percent if a new proposal is put into place. The Association of British Insurers (ABI) has just announced that if the government implements the auto insurance proposals that have been made by the group, young drivers across the United Kingdom could find themselves paying up to 20 percent less than they currently do. The Safe Young Driver proposals from the ABI would apply to almost 3 million people in the U.K. Millions of young drivers throughout the country could be able…

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