Car insurance premiums rise by 10% to 30% this year in Deloitte
Financial analysis has informed that the car drivers will face rising car insurance premiums are higher than last year. Last year, car insurance premiums have gone up by 10 percent. It makes the experts at Deloitte predicts that it makes the experts at Deloitte predicts that increase in insurance premiums will continue to grow up because insurance companies want to cover their losses from the surge in claims.
In addition, Deloitte analysis also states that insurance companies have claims totaling 2000000000 pounds last year caused by the growth in no-win and no fees on personal injury cases. This study shows that some insurance companies receive a fee of £ 1.20 and each insurance company receives a premium of £ 1.00 last year. Deloitte adds that many insurance companies will not be paid off until 2012.
AA said that this would make the premiums could soar by 30 percent. However, many car drivers get a better deal than this because the insurance business competition. “The car driver was hurt in the accident should be compensated so that it becomes an open opportunity for the company claims to promote its business to the drivers who are not injured or that would not otherwise make a claim,” Ian Crowder, of the AA, commented.