2008-2010 sees a 25% increase in insurance premiums. This increase will see the typical premium soar by over £100.
Admiral insurance has revealed it put up motor premiums by 12 percent last year and plans to increase this rise by the equal amount this year.
“Drivers could face paying £100 more on average insurance premiums with insures blaming increased personal injury and payouts and loss of earnings as more and more commuters use their vehicles as a work horse.
This reflects official inflation data, which revealed that both car and home insurance have risen sharply in the past year. Figures from the office of national statistics suggest all motor insurance premiums are up by and average of around 19 percent in the past year alone.
Admiral blamed the rise on higher pay-outs on personal injury claims, made easier by the explosion on ‘no win, no fee’ compensation lawyers.
Bizarrely, they also suggested they had been forced to raise premiums to match increases by rivals. It argued that otherwise it would have been swamped by new business it could not cope with.
For example: A “typical” driver with a new Ford Mondeo Estate and without any no claims bonus will pay around £470 for fully comprehensive policy without an excess. That is up by around £50 on a year ago and could rise by another £56 this year to £526.40. That is an increase of £106 over two years.
However, for some groups such as young males who have recently passed their test the increase could be up to £300.
But there is good news; if the accident is your fault and your vehicle damage is light here at Car Magic we can repair your vehicle under you excess level of your policy meaning you do not have to make a claim, there for in the long run lowering your premium price. Many insurers will also try and push you through of their recommended body shops that are usually over loaded and have no time to care for the client or their vehicle. This is because they have agreed low labour rates and this can often compromise repair standards.
We believe you have right to choose your repairer it’s your right to choose your repairer, why should you compromise your satisfaction. The Office Of Fair Trading (OFT) backs all of these facts and ensures these guidelines are stuck to.
We will assist you with all of your insurance details and will put together a highly detailed estimate and deal directly with the insurer to provide fast, efficient claim handling and repair service.
When the accident is not you fault (NON FAULT)
Car Magic’s non-fault claims handling and repair service has been developed to help motorists involved in accidents where they were not to blame or in fault. We deal with all the insurance much the same way. Dealing with all of the red tape and provide you with a like for like replacement vehicle, We even pay your excess and make sure your no claims bonus is untouched.
We work with the UK’s best accident management companies, which give us and you access to replacement vehicles after any accidents. This insures we keep all innocent parties on the move whilst their own vehicle is out of action.
Several examples of accidents that will never be deemed as your fault:
- You are stationary at lights or a roundabout and another driver runs into your car from behind.
- You are driving along a main road and another vehicle pulls out of a side turning into you.
- You are parked and another vehicle hits your car.
Most drivers know when they are at fault for an accident. If in doubt please call us and we can assist you in any way we can to get your situation resolved.
{ 1 comment }
The car in front as they are breaking the right of way law.
{ 3 trackbacks }