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Car Insurers | Increasing Fraud Leads To Rising Car Premiums
Posted By: admin on July 22, 2010 at 12:41 am
by Richard Kilner
Story link : Increasing fraud leads to rising car premiums
The AA British Insurance Premium Index has discovered that fraud is fuelling a surge in car insurance premiums, which are now rising faster than ever before.
In the second quarter of 2010 premiums increased by 11%, the largest rise in the Index’s 16 year history.
The average Shoparound premium hit the 704 mark for an annual comprehensive car policy, up 11.5% in the course of the quarter.
Policies sold via price comparison sites increased on an even greater scale, up 12.7%, with premiums for third party, fire and theft cover (TPFT) up 15.9% generally and 17.1% on comparison websites.
Edmund King, AA president, has stated that the British Crime Survey’s findings that crime is falling misses the rise of fraud through providing false information or claiming for fake injuries.
King went on to state that obtaining a quote online was easier than ever
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| Filed Under: CHEAP DRIVER INSURANCE Tagged with car insurers |
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