Website reveals rise in car insurance costs

Thu, 13 Jan 2011

Car insurance prices rose by 38.2 per cent in 2010, new figures show.

This means that the average price paid across all age groups has risen to £695.

Confused.com observed that although it is the subject of a Parliamentary Transport Select Committee, the last two quarters have not been the hardest on the 17-20-year-old age group.

Indeed, it's 51-55-year-olds who have been hit with the biggest rise in quarter four and during the year.

Will Thomas, head of motoring at confused.com, commented: "The investigation into insurance costs for young drivers is a clear sign that escalating costs and their implications are being taken seriously, but it seems there is no light at the end of the tunnel just yet."

He added: "The rise in Insurance Premium Tax and rising fuel costs will continue to challenge people financially."

Car insurance claims are likely to rise during the winter season as roads become more treacherous and there are fewer hours of daylight. 
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