Four in ten face car insurance price hikes, expert says

Tue, 19 Dec 2006

Some four out of ten UK motorists will be affected by car insurance price increases from two major insurers, an expert is suggesting.

Richard Mason, director of insurance at Moneysupermarket.com, claims that the decision by Norwich Union and The Royal Bank of Scotland will impact upon the drivers, as will future car insurance premium rises expected in 2007.

The expert predicts that Royal & SunAlliance will also raise the price of its car insurance policies in the new year.

Additionally, drivers should be careful not to switch between car insurance providers backed by these companies if they want to avoid the price increase - including Tesco, Nationwide and Direct Line, notes Mr Mason.

"Motorists now have more reason than ever to shop around for the best value policy based on their unique circumstances," he remarks.

"It is important to remember that if your circumstances have not changed, you should be able to renew your policy for the same price, if not cheaper."

Earlier this year, MoneyExpert warned that UK motorists could pay too much for their car insurance if they opt for direct debit, due to additional charges.


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