Tag: uk auto insurance

Largest auto insurance scam in the U.K. uncovered

G. Turner
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

G. Turner
auto insurance young drivers UK

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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Auto insurance consumers feel the pain of whiplash in their wallets

auto insurance whiplash cost

The largest insurer in the United Kingdom has revealed the cost of the condition on monthly premiums. Aviva, the U.K.’s largest auto insurance company, has just revealed the impact that whiplash claims have on the monthly premiums paid by policyholders, showing that they pay an average of £118 more per year as a result of that issue, alone. The insurer has also stated that it believes that handling claims directly could reduce costs by £1.5 billion. According to the auto insurance company, since October 2008, premiums have increased by 80…

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

Nordstrom

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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U.K. auto insurance rates rise as large claims shrink

H. Cutner

This year has shown a continuation of the increase in car insurance rates in the United Kingdom, as some motorists find themselves faced with premiums that are as much as 50 percent higher than they were in 2010. Equally, according to the U.K. Motor Market Review, which is performed annually by top reinsurance advisor (and part of global insurance broker, Willis Group Holdings) Willis Re, the number and frequency of large claims from serious injuries and deaths resulting from crashes in the country have fallen by a notable 10 percent…

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