News Tag: premiums
March 11, 2010
The Association of British Insurers (ABI) today reported the heavy snowfall earlier in the year cost insurers £650 million in weather-related claims.
Between December 18 and January 13, when snow and plummeting temperatures swept the country, there were around 335,000 claims, said the ABI.
The majority of the claims came from motorists as a result of the treacherous conditions on Britain’s roads. January ...
Treacherous weather conditions cost insurers £650m
by Kay Murchie
October 19, 2009
Householders who are made redundant could be hit with a further blow of increased home insurance premiums, new research has found.
A study by Confused.com found homeowners could face higher insurance premiums if they are unemployed.
The price comparison site said this is because insurance firms factor in the likelihood of customers defaulting on payments when they calculate premiums.
Insurance firms also raise premiums ...
Insurers exploit unemployed with higher premiums
by David Masters
August 25, 2009
Car insurance firm Admiral has today exceeded analysts expectations by reporting a 5% increase in half year profits, boosted by a rise in car cover premiums and steady customer growth.
The Cardiff-based insurer posted a pre-tax profit of £105.3 million in the first half of 2009, compared with £100.3 million a year ago. Analysts had expected a profit ...
Car insurer Admiral exceeds expectations with 5% rise in profit
by Kay Murchie
August 3, 2009
Drivers are paying over the odds on their car insurance because of a rising number of "unnecessary" personal injury claims and associated legal fees, the Association of British Insurers (ABI) said this week.
The insurance industry body said soaring injury claims and associated legal fees have become a major issue for motor insurers, and are one of the key factors behind ...
Legal fees blamed for rising motor premiums
by David Masters
July 31, 2009
Car insurance premiums increased 3.5% over the past three months, research by the AA has discovered. The typical quote for annual comprehensive insurance cover now stands at £778.13, according to the AA British Insurance Premium Index. This is 11% more than 12 months ago. Home insurance premiums also increased in the second quarter, up 2.5% on quarter one, to an average of £223.92. AA Insurance director Simon Douglas blamed the rising premiums on "underwriting ...
Motor insurance premiums continue to soar
by David MastersCar insurance premiums increased 3.5% over the past three months, research by the AA has discovered. The typical quote for annual comprehensive insurance cover now stands at £778.13, according to the AA British Insurance Premium Index. This is 11% more than 12 months ago. Home insurance premiums also increased in the second quarter, up 2.5% on quarter one, to an average of £223.92. AA Insurance director Simon Douglas blamed the rising premiums on "underwriting ...
May 27, 2009
Drivers who modify their cars can find themselves paying thousands of pounds extra in insurance premiums because insurers believe they are more likely to crash.
A simple spoiler can hike annual premiums by as much as £700.
Flared wheel arches and wings add almost £3,500 to premiums for a Ford Focus 1.6.
Tinted windows, side skirts, and exhaust system changes also push up premiums.
Even ...
Modified cars more likely to crash
by David Masters
March 4, 2009
The AA has lashed out at government plans to make age and gender discrimination illegal on car insurance policies.
Premiums could double for some drivers, the AA said, if the Equities Bill, due to be brought to parliament this spring, is extended to cover the sale of insurance.
Age and gender are key factors that affect risk and are vital considerations for calculating ...
Anti-discrimination law could double insurance premiums
by David Masters
February 19, 2009
Motor insurance premiums dropped 3.1% in the six months to 31 December 2008, according to figures from Sainsbury's Bank.
The supermarket insurance provider said annual car insurance premiums fell to an average of £498.22 in December 2008, compared to £514.16 in June 2008.
However, the bank warned that premiums are likely to rise again this year due to an increase in costs associated with ...
Car insurance premiums down 3.1%
by David Masters
July 3, 2008
A recent study by price comparison site, confused.com, has established that motorists with penalty points can pay up to 60% more for their car insurance than those with a clean licence, paying on average £370 more.
Furthermore, the news is bad for younger motorists, as the research discovered that a 21-year-old female driving a 1.3 Ford Fiesta ...
Clean driving licence holders benefit when it comes to car insurance
by Kay Murchie
