|
Car Insurance News
Car insurance customers 'should shop around' - 09/01/2008
|
|
| Why not be the first to rate this article? |
|
|
Email this page to a friend
|
Price falls in the car insurance sector do not make it any less important to shop around, one company asserts.
A fall of 0.3 per cent was recorded in the online sector by Experian's Motor Insurance Benchmark during the last three months of 2007 compared to the previous quarter.
Avis Easteal, managing director of the firm's insurance services division, says that while a levelling out of previously rising prices is occurring, the impact of this year's floods is making itself felt in rising premiums.
The managing director notes: "As claims are being settled, we are seeing premiums begin to increase. However, the increase is slow and it is worth bearing in mind that consumers will also be aware of the imminent price increases and will start shopping around for a cheaper quote."
Additionally, the sector is described as a highly competitive one, which could prove useful for customers looking to minimise their payments.
However, the higher chance of road accidents in January as well as the issue of underinsurance could drive up premiums as the new year gets into its stride, the expert adds.
The average online car insurance premium stabilised during the last six months of 2007, the report shows.
This week saw moneysupermarket.com note that adding another adult on to a car insurance policy could result in a saving of £18.
© Adfero
Back to Index
|
|