Motorists in Highlands paying 8% extra for automobile insurance coverage – The Press & JournalJuly 29, 2022 By admin
North and north-east motorists are paying as much as £30 extra for his or her annual automobile insurance coverage, in contrast with a 12 months in the past.
The most recent quarterly figures from comparability web site Confused.com present these within the north-east are actually sometimes paying £ 399, which is £27, or 7% greater than a 12 months in the past.
However complete annual insurance coverage premiums for these drivers are down by £2, or 1% from the earlier quarter.
Motorists within the Highlands and Islands are actually paying an annual sum of £394, on common – £30, or 8% greater than a 12 months in the past and about the identical quarter-on-quarter.
Costs in Northern Eire have elevated by £64 (12%) year-on-year to £594, on common, whereas these in inside London have seen the most important financial enhance to £882, following a £74 (9%) enhance.
UK-wide, common annual automobile insurance coverage has reached its highest degree in almost two years following the steepest year-on-year enhance for the reason that begin of the Covid-19 pandemic.
Motorists throughout the UK are actually paying £554, on common, following a £32 (6%) rise.
Confused.com urged drivers to buy round forward of their renewal date and in addition think about annual funds, which might save them as a lot as 10% on their insurance coverage.
Louise O’Shea, the group’s chief government mentioned: “With tens of millions stung by the present price of residing, it may be disheartening to see that automobile insurance coverage costs are additionally on the rise.
“As the newest knowledge exhibits, we’re seeing the very best spike in costs since earlier than the pandemic.
“With us all nonetheless adjusting to life after lockdown, it’s seemingly that is because of the variety of insurance coverage claims being made rising as we get again into some kind of routine.
“Sadly, this implies you would possibly discover a value enhance when renewing or buying on your automobile insurance coverage.”
Ms O’Shea added: “Whereas costs are rising, automobile insurance coverage is one space the place you’ll be able to nonetheless get monetary savings, which is able to assist to steadiness out value hikes in different areas.
“It’s clear from analysis that renewal costs are sometimes dearer, and it may be simple to simply accept a better value if it doesn’t look too unhealthy, given the expectation that every little thing is rising for the time being.
“However please don’t do that. You’ll be able to pay much less. The automobile insurance coverage market may be very aggressive proper now, which is the right time to be savvy and store round for a greater deal.”
Confused.com’s high suggestions for getting cheaper automobile insurance coverage
Recommendation for Scots travelling overseas for summer time holidays
Additional analysis by Confused.com exhibits many loyal clients are taking a much bigger blow, having seen their renewal enhance greater than the worth of a brand new coverage, on common. However those that shopped round after receiving a dearer renewal value saved £54, on common, after utilizing a value comparability web site and switching insurers.
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