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Personal Injury claims are Rising making UK Car Insurance Premiums Rise by 5.4 percent

February 12, 2012 by  Filed under News

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According to Automobile Association Ltd the cost of claims are constantly rising bringing the UK car insurance premiums cost up. It has increased by 5.4 per cent in the fourth quarter.
In the third quarter there was a small drop in insurance premiums.

According to the AA’s Shop around Index (this tracks the cheapest quotes for motor insurance), motorists have paid an estimate of £971  for comprehensive coverage at the end of December, three months before it was 5.4 per cent higher and a year before this it was about 15.3 percent more.

AA Insurance Director Simon Douglas mentioned in a statement that it is wrong that accidents on the roads of Britain are starting to fall and yet the amount of injury claims through no win no fee solicitors are constantly rising. Also the cost of insurance premiums are rising. In the past 12 months to March 2011 the higher rates come on top of a 40 percent surge in insurance premiums, as insurers attempted to raise the cost of whiplash accidents on the road and other personal injury claims.

Insurers are being blamed by the members of parliament for working alongside with car rental companies and no win no fee solicitors encouraging people to put whiplash claims in making all insurance premiums rise.

The AA said in March 2011 the court said that all young males and females must pay the same amount of insurance, the court ruled against the insurance companies giving different prices based on gender. The rise in premiums has really effected young drivers and also the younger females will see bigger increases because of the European Court Of Justice ruling on the gender discrimination act.

There must be some control over the no win no fee claims and over claimants putting in whiplash claims because if this does carry on the way its been going then the insurance premiums are going to go through the roof and be too expensive for people mainly the young drivers both male and females.

The amount of accidents on the road seem to be dropping  says insurance director of the AA but the amount of no win no fee whiplash claims are rising making the premiums cost go higher and higher, this is not fair on the non claimants.

 

 

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