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What
drives car insurance higher?
May
2001
UK motorists have already been driven to protests by the high price of petrol at the pump.
Now the costs of owning a car are set to get even higher, as a report predicts that car insurance premiums could rise by as much as 20% during the next 12 months.
Comprehensive car insurance averaged £629.04 in April this year, according to the AA insurance index, compared with the average July 1994 premium of £367.27.
More people are claiming compensation, say the insurers, and this is the main reason for the rising premiums.
At the same time, competition from telephone and online insurers has driven down premiums.
While the price for an average car insurance fell by 15% between 1994 and 1997, the cost of claims rose by about
20% ......
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read the complete article at the BBC Car
Insurance News.
some
more car insurance articles
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