Every quarter, the AA British Insurance Premium Index is produced which looks at premiums for the likes of car insurance. You may find it interesting to hear about some of the findings of this index in respect of motor insurance.
It is concerning to read that, according to the AA, the average cost of comprehensive car insurance has gone up by 5.25% in the second quarter of 2015.
It reveals that in the second quarter of 2015 car insurance premiums moved upwards which we are sure that you will agree from a motorist’s point of view is disturbing news. The index shows that the average premium for fully comprehensive car insurance has gone up by a staggering 5.2% to £549 in only three months covering the period 1st April to 30 June 2015. For the 12 months to 30th June 2015, such premiums have gone up by 5.5%.
Unfortunately, it is the young driver who, yet again, is suffering the most. If you are aged between 23 to 29 then you could be faced with an average premium for comprehensive cover of £682.62 – a rise of 6.2%. As if many young motorists haven’t got enough expenditure when it comes to putting a car on the road as they often have to arrange a car loan often necessitating a significant monthly outlay.
The above just goes to reinforce the need to shop around for your car insurance whether you are looking for cover to buy your first car or have just received your renewal documents through the letterbox. An increasing number of people are using car insurance price comparison websites to obtain numerous quotes that they can then compare with one another. In addition, such sites will usually provide full details of the levels of cover and any optional extras that are available such as protection of no-claims discount, car breakdown cover, legal cover and loss of car key cover.
So, in order to try to find competitive motor insurance, why not use one or two price comparison websites. Hopefully, you may be able to get the required level of cover for a lower premium than you have been paying previously.
