Car Insurance Premiums Soaring!

Earlier on in the year a number of news sites and resources detailed how car insurance premiums are set to rocket over the course of 2009. This is disappointing news for car owners who are looking to cut back rather than increase expenditures in this time of economic crisis.

The main cause for the increase in car insurance premiums is thought to be an increase in the number of fraud scams and personal injury claims. So the sad truth of the situation is that the hard working public are set to pay increased car insurance premiums of up to 20% to cover the illegal activities of fraudsters. This increase is sadly unavoidable as insurers have to cover their increased costs. However, with so many insurance providers and comparison sites currently in the car insurance market competition remains fierce which will hopefully ensure competitors continue to battle on price meaning that consumers may still benefit from value for money car insurance. As always to benefit from the best value for money car insurance on offer it is essential to keep your eye on the market, any special offers and negotiate with the insurer, don't get ripped off for your policy!