Part one: Your car insurance questions answered

Which car insurance policy is right for you? Is it worth protecting your no claims discount? Is car insurance is getting more expensive. Our FAQ is here to help...

Why is car insurance getting more expensive?

Car insurance premiums have soared by around 30% over the past year. An increase in personal injury claims, insurance fraud and uninsured drivers are just some of the reasons why the cost of car insurance has gone up.

The motor insurance industry hasn't been making a profit for the last 16 years because it's been paying out more money in claims and expenses than it's been making from our premiums, according to the Association of British Insurers.

Insurers are now trying to reduce this deficit by putting our premiums up to cover the costs.

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About This Guide

Published:
01 December 2011
Written By:
Clare Francis
Topic:
Car insurance

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Rated 4.5/5 (average from 1 rating)

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