You are here: Home - Insurance - News -

Cost of car insurance to soar

0
Written by:
06/09/2006

Motor insurance premiums are set to rise due to cover increased claims, according to the UK’s leading car insurer.

The Royal Bank of Scotland, which owns Direct Line and Churchill, has indicated that it may hike the cost of its premiums as Norwich Union has already done.

NU car insurance premiums have risen by an average of 16%, with some drivers seing a 40% increase.

Car insurer Admiral agrees that the price of cover has to go up. Chief executive Harry Engelhardt said: “The number of injury claims is on the rise – it’s a bit of a compensation culture.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

After an award-winning health insurance provider?

Winner of best online health care provider in the Your Money Awards 2015

Help for homebuyers

Download our handy guide for homebuyers, produced in association with Barclays. Saving a hefty deposit to b...

Guide to Self-Employed Mortgages

Download/watch our Guide/video on Self-Employed Mortgages, produced in association with Precise Mortgages. ...

BNY Mellon launches investment guide for women

BNY Mellon has produced a free ‘Guide to Investing for Women' to provide an introduction to investing and lo...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Top tips for protecting yourself online

One in six adults has fallen victim to a cyber-attack, according to new research from Experian.

BLOG: Top tips for would-be entrepreneurs

As Global Entrepreneurship Week draws to a close James Benamor teaches Your Money how to get a business off th...

Stock tips from top fund manager: IP Group

James Henderson, manager of the Lowland Investment Company and Henderson Opportunities Trust, selects IP Group...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

  • Fund picks for your child’s pension https://t.co/AWffQ5o9Z6 https://t.co/FfSKMH01Js
  • TalkTalk to scrap ‘misleading’ separate line rental charges https://t.co/lHxj6HH37o #broadband #bills @TalkTalk
  • Halifax offers £750 cashback to mortgage switchers https://t.co/xbBZiuc58E
Read previous post:
Increase in IVAs highlighted

Debt Free Direct, one of the UK’s biggest bad debt companies, has forecast a huge surge in profits this year,...

Close