Wednesday, October 26, 2011

Cheap car insurance hopes dashed as prices keep rising

The cost of comprehensive car insurance rose by just £ 1.50 per week in the last year. The drivers are most affected in Oldham, Bradford, Liverpool and Manchester, which pay 25 percent or more, a study by Towers Watson and Confused.com car insurance for the quarter ended 30 September study found.
The average increase across the country is 12.3 percent - an increase in premiums of £ 92 to 12 months.
Bradford drivers have to pay an additional 27.5 percent year on year increase in the average cost of coverage.
In Oldham, the drivers are even worse with a 27.9 percent increase over the previous year.
The prices are also significantly Liverpool, Manchester and Ilford, Essex.
Third party, fire and theft coverage is also one-fifth (19.9 percent), representing an increase of £ 192 - £ 3.69 or a week - more than 12 months.
The average premium increase of 12.3 percent over the previous year is significant when the index of consumer prices, currently at 4.5% in comparison - what the car insurance price increases more than inflation by about 300 percent.
The average comprehensive car insurance premium is £ 843rd
Despite the increases from year to year, the average price fell for a comprehensive car insurance rose by 1.6 percent in the third quarter of 2011 - the first quarterly decline in more than three years.
Gareth Kloet, head of car insurance for Confused.com said:. "The year framework is very disturbing, because some drivers have taken increased by more than one hundred 25per car owners in the affected areas are forced to be the most expert, as always, best deals and better economy for them to find a comparison.

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