Car insurance premiums have climbed significantly in recent months, despite claims to the contrary. A new study by Deloitte indicates that third party car insurance has increased by some ten per cent over the course of the last 12 months.
The Quarterly Motor Insurance Report by the company revealed the figures. Furthermore, the cost of comprehensive insurance policies has climbed again on figures from last year.
Catherine Barton, an insurance partner at Deloitte, reportedly commented: "The key reason for the increase is insurers seeking to improve profitability. In spite of increasing premiums in the market generally, customers who shop around can still find a good deal. Those who don't shop around are likely to have seen bigger increases."
Whether car insurance premiums will continue to climb remains to be seen. For the moment, there are many competitive deals on the market.
Car insurance premiums climbing
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Car insurance premiums climbing
Mon, 08 Oct 2007
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