Crash twice to double your car insurance premiums
by David Masters
If you’re unlucky enough to crash your car twice this winter you could find yourself paying double for car insurance, according to Confused.com.
Some insurers researched by the price comparison site more than trebled the cost of insurance premiums after two accidents.
Confused.com said drivers should take extra care at the moment because icy winter roads increase the likelihood of accidents.
“We’re urging drivers to be extra wary during the winter months,” said Will Thomas, Confused.com’s head of motor insurance.
“Just a couple of accidents could double your premium and more.
“When you consider the average premium in 2009 was £400 that’s a lot of money to lose.”
Confused.com advised drivers not to make journeys during icy weather unless they absolutely must.
Other advice issued by the site included being aware of poor visibility during winter fog, and avoid braking sharply on icy roads.
Discuss this in the Finance Markets forums
Story link: Crash twice to double your car insurance premiums
Related financial stories to: Crash twice to double your car insurance premiums:
- Modified cars more likely to crash
- Anti-discrimination law could double insurance premiums
- Car insurance premiums to skyrocket
- Motor insurance premiums continue to soar
- Insurers exploit unemployed with higher premiums
Next: Brits saving double compared to January 2009 »
Visited 650 times, 8 so far today
No Comments »
No comments yet.
RSS feed for comments on this post.
Leave a comment
Tags: car insurance, confused.com, price comparison, research, study, UK