Friday 31 July 2009

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.

16 comments:

  1. Due to the present economic mishap the car insurance companies are trying their best to slash down the costs and help the drivers.It is a necessity and should be done.

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  4. I just came across to your blog and reading your post i agree with you there are so many drivers are drives without insurance many drivers are now looking at ways to stay on the road but save money which unfortunately results in some cutting corners with insurance and repairs.

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  8. Think it is really strange that so much people are driving without an car insurance, because it does not have to be so expensive.

    Thanks for your information.

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  10. The insurance premium is hiked but still it is good that company will offer you best compensation in any accident.

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