Car Insurance Premiums Hiked up by Uninsure Drivers

As drivers up and down the UK become more and more strapped for cash the cost of driving becomes more and more expensive. This means many drivers are now looking at ways to stay on the road but save money which unfortunately results in some cutting corners with insurance, tax, MOT's and repairs.

It is believed that around 1 million drivers are now driving on the roads without insurance as more and more drivers fail to renew their insurance policies in a bid to cut back the cost of driving. This move has inevitably been picked up by insurers who now take this into consideration when calculating insurance premiums. As always it is the honest drivers who will end up paying through the nose for these law breaking drivers with the average insurance policy set to increase by around £30 as a result! The cost of car insurance is also being hiked up by an ever increasing number of personal injury claims and increasing car repair costs. In particular it is young drivers who will feel the biggest impact of these insurance cost increases as they are often seen as the most vulnerable to accidents due to their inexperience on the road, although young drivers are in fact often more alert on the road.

Black box that could change car insurance forever

A revolutionary piece of technology has been introduced into the world of car insurance that could change the industry forever. A "black box" satellite tracker is now being used by some insurers to help track the timing and distance a motorists drives with a premium rate being calculated on these figures.

Car insurance advice from top insurers such as Co-operative Insurance suggests that the revolutionary new way of calculating insurance costs will help drivers save hundreds on their insurance, in particular young driver's car insurance. Young drivers in particular are often charged high insurance premiums as they are seen as the most high risk drivers, most likely to make a claim. However, the new "black box" tracks when and how much a driver uses their car meaning that young drivers who do not drive as much or even drive at night can make huge savings on their car insurance costs.

Huge savings can be made as insurers can now charge different rates for driving at peak or off-peak times of the day. The reasoning behind these being that drivers who only drive at off-peak times of the day are considered much less likely to be involved in a collision and therefore less likely to make an insurance claim, a fair assumption I feel! The policy can also be monitored on the web giving drivers the ability to monitor the cost of their car insurance online.