Insurance costs fall for UK drivers

#EANF# The typical price of insuring a car inside the UK has fallen by over £100 in the last year, new figures have revealed. Included in its latest British Insurance Premium index survey, the AA says the average insurance premium has fallen by around £30, or just simply over five per cent, to begin with quarter of the year alone.  The company puts the drop down to some suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" price war suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" between different insurance providers, along with stricter rules for handling whiplash claims bought in late last year.  The average price of comprehensive cover to begin with quarter of 2014 was £531, taken given by a combined analysis of brokers and price comparison sites. This represents a 5. 6 per cent (£31 ) reduction coming from the previous quarter, and 16. 6 per cent (£105 ) on a single quarter in 2013. Young drivers’ premiums saw the most important reductions by having an average drop of 10 per cent in price to the 17-22 age category. The typical insurance premium for new drivers is now £1, 158. Director of AA insurance Simon Douglas said : suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" It‘s the price war that‘s the driver of those unprecedented falls… some insurers could pull from less profitable sectors of the marketplace consequently. suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" Fraud adds around £50 to the price of every car insurance policy… We do expect premiums to start out rising again in 2012 unless the fraud issue could be handled. suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" Tougher rules on handling fraudulent whiplash claims were brought in last year to do business with that which was mentioned like the suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" compensation culture suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" of motoring. The outcomes remain excellent news for motorists. Talking with Autocar, an AA spokesman said : suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" To anyone who is renewing insurance it’s really excellent news as they’re inside a strong position to negotiate a cheaper quote or to shop around. Though cheapness doesn’t necessarily represent value for money, people need to ensure they obtain the right insurance cover for their needs. suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" Mike Vousden Insurance costs fall for UK drivers