Car insurance premiums on the rise, says AA

Thu, 30 Apr 2009

A new report by the AA suggests that car insurance customers are paying higher costs for cover due to a record rise in prices.

Motorists have also suffered from higher car insurance claims costs and rising insurance fraud, and price comparison site Gocompare.com has urged drivers to shop around for the best deals.

Citing the Price Comparison Watch study, an independent report by Igo4, the website said that the price of the best deal found on evaluation sites has risen by 0.12 per cent since December 2008, indicating that users of such websites are not suffering as badly.

Hayley Parsons, chief executive of Gocompare.com, said: "Those drivers who simply accept their renewal quote this year are likely to feel the full force of an industry being hit from all sides by rising costs."

Recent research by moneysupermarket.com found that younger drivers paid even more than others for car insurance, with 17-year-olds paying 52 per cent more than those only one year older.
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