According to a survey carried out by Auto Trader in December 2014, of the 1,000 people taking part, 56% were concerned about increasing car insurance premiums whereas only 51% of those agreeing to participate in the survey were concerned about the cost of putting fuel into their car petrol/diesel tanks.
If you compare that with respondents’ views around 12 months ago, you will find that there was greater concern about fuel prices as 70% of people taking part were worried about petrol and diesel prices whilst 59% were concerned about car insurance premiums.
The above is quite interesting because in recent weeks we have seen the price of fuel on forecourts come down significantly which is possibly a reflection of why we have seen a significant drop in the % of drivers concerned about petrol and diesel prices.
However, with regard to car insurance, we have seen premiums rise in recent months and the AA forecasting that such premiums may increase by as much as 10% by the end of this year.
So, what do people do if they are concerned about car insurance premiums? Well, there are not enough of you taking action when you receive your annual renewal notices. It doesn’t take long to check what you new premium is going to be (it usually increases) and then start your search to see if you can get cheaper car insurance elsewhere. Obviously, you will wish to make sure that when you get some competitive quotes that the level of cover meets your needs and that you are comparing like for like.
There are a number of ways that you can get some quotes but one of the easiest and quickest ways is to use the likes of a price comparison website that usually has many car insurance companies on their panel. This gives you the opportunity of getting a competitive quote although not all insurers use a price comparison website.
So, as you can see, if you are concerned about car insurance premiums increasing, it should not take you long to see if you can get the same cover cheaper elsewhere.