Car Insurance Premiums increased 94%
The driver will not get extra money next year, when they left his car insurance. New research states that car insurance premiums are now 94 percent more expensive than 3 years ago. According to the facts that were dictated by Gocompare.com that 27% of motorists believe that the insurance company’s policy the same as the previous year because the company does not give discounts or gifts for consumer loyalty.
John Miles of Gocompare.com said that car insurance premiums increased to 1.332 pounds from 682 pounds, an increase of 94% over the last three years and will continue in the future. He added that insurance companies can cope with the rising cost of claims and the final decision of the European Court is to prohibit insurance premium calculations based on gender from the end of 2012.
According to the same study showed that 39 percent of drivers do not cooperate with another insurance company and decided to maintain the same policy for more than three years, while 45 percent of them managed to create a new premium. Brits say that they do not want to switch to car insurance company because it is very inconvenient. Premiums can automatically renew itself every year, therefore the British chose not to do nothing and let everything back to normal. This proved to be the best action.