If this growth is experienced across the entire UK market then the average UK car insurance premium will raise a staggering £100. Sadly this does appear to mirror the official inflation data that has been experienced in a number of major insurance industries. In fact, the Office of National Statistics reveals that car insurance figures have indeed risen by a fifth across all UK car insurance providers.
The increase has been blamed in some quarters by the unstoppable rise of car insurance fraud, with many consumers still blissfully unaware that schemes such as fronting are illegal in the UK. Meanwhile the increasing pay-outs for personal injury claims are also stinging the brokers deep within their pockets.
While an experienced driver may experience only a small increase in their car insurance premium, the worst affected are likely to be the newly qualified drivers with zero experience and zero no-claims discount with any UK car insurer in which case the increase could be as much as £300.
Drivers are being urged to remain loyal and stick with their provider to build up a level of trust with an extended no-claims discount which will lead to reduced renewal rates.
CompareInsurers.com is managed by a team of insurance professionals and car enthusiasts. Our aim is to enable you to find all the information you need to get a competitive UK car insurance quote. With over 50 UK car insurance providers, you can be sure of finding the quote and the information you need.