Car Insurance News

Students should shop around for car insurance and not just accept increased premiums, one industry body has said.

The British Insurance Brokers' Association has revealed that as motorists are facing increased premiums, they should be aware that a change in age or location could make a substantial difference to the cost of insurance.

Graeme Trudgill, the organisation's technical and corporate affairs executive, explained the rises are likely because motor insurance companies have not been making a lot of money with some running "at a loss" over the last ten years.

And now that personal injury claims inflation is even higher than six per cent it is "inevitable" that rates will have to go up at some stage.

"They've got to put the rates up but our advice is always that if your insurance premium goes up then don't just accept it," he added.

Mr Trudgill suggested that individuals call an insurance broker and they will look around to "find you the best deal".

"Don't just accept it on the chin. You might have hit a certain age or your car might be one year older, which gets you an extra discount."

The AA recently reported that the average car insurance premium had risen by around six per cent.

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