It is always good to convey some positive news but in doing so we suggest some caution as well. This relates to figures provided by the Association of British Insurers (ABI) in respect of the average cost of fully comprehensive car insurance.
Average fully comprehensive car insurance premiums fell in 2013
As you are all no doubt aware we have been going through some difficult times in the UK from a financial perspective in the last few years although we are supposedly seeing the light at the end of the tunnel. Like many people in the country, you are no doubt having to watch what you spend.
So, it was pleasing to read that, according to the ABI, average premiums for fully comprehensive car insurance reduced by 8.9% that equated to a drop of £36 per annum in 2013 when compared to 2012. It is believed that one of the reasons for this fall was due to a forecast reduction in whiplash claims.
On the face of it this is good news but the above statistic should be looked at with an element of caution. This is because, when you compare the figures between quarters three and four of 2013, you will find that such premiums actually rose by 1.4%. It will be interesting to see what the first quarter of 2014 has in store for such car insurance premiums.
Therefore, it is still important that you should continue to shop around for competitive car insurance but at the same time making sure that the cover meets your exact requirements. One of the ways of doing this is to use a price comparison website just like the one you are presently on as this sort of site provides access to many different car insurance providers. The process of getting a number of quotes is quick and simple. In many cases, you can view the product details and even arrange to start and pay for the cover online.
Why not take a few minutes to get some car insurance quotes and see if you can save some money.
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