Bad claims driving up premiums; Cash point.
CAR insurance is shooting up at its fastest rate for almost a decade.
Premiums have increased by more than 11% over the past year and are expected to keep rising.
AA research shows the average premium quoted for an annual comprehensive policy rose 3.5% between April and June to pounds 778.13.
Younger drivers are hardest hit as third party, fire and theft, typically bought by young inexperienced drivers, rose by 4.6% to pounds 968.22.
Rising costs for personal injury and fraudulent claims are forcing up rates. And the increasing number driving without insurance is adding around pounds 30 to policies.
But those who shop around pay an average of pounds 526.42 for fully comp. You can also cut costs by garaging, which can save 30%, increasing voluntary excess and fitting a security device.
Young people should also think about doing the Pass Plus course, which can reduce premiums, add mum to the policy and choose a low power car that's cheap to repair.
As well as increasing costs, almost half of insurers are withdrawing third party, fire and theft and won't quote for drivers under 21.
The AA wants insurers to help t he young get on the road safely and affordably, rather than shutting the door on them.
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|Publication:||The Mirror (London, England)|
|Date:||Jul 30, 2009|
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