| p>A familiar theme amongst brokers this year seems | | | | the British motorists psyche and that insurance |
| to be a rise in Motor Trade Insurance premiums. Why | | | | company payouts will not fall in the not too distant |
| you may well ask? Well, there are several reasons | | | | future. Aggressive claims management companies |
| and hopefully the details below may shed some light | | | | and personal injury specialists have also come under |
| on them for you. | | | | the spotlight accused of helping to promote this |
| The simple truth is a lot of insurance companies have | | | | phenomenon. And lets not forget a rising |
| been making losses for the last couple of years. | | | | approximate bill of £2 billion a year for |
| Several insurance companies have pulled out, are | | | | fraudulent motor claims! |
| selectively pulling out, or are raising their premiums | | | | These reasons, along with a snowy winter and the |
| across the spectrum. An example of this is HSBC, | | | | conclusion that price comparison sites have artificially |
| with whom a lot of you were/are insured with. They | | | | kept the market low for insurance companies, means |
| pulled out last year leaving a giant hole, and many | | | | only one thing - price hikes for Jo Public. |
| brokers the headache of placing this type of trade | | | | Your insurance is a sizeable, yearly expense which |
| business this year for prices similar to last year - no | | | | most of us begrudgingly pay, but now it seems you |
| easy task when HSBC were one of the cheapest | | | | may have to try that little bit harder to tread water |
| insurers in the land! | | | | on price. |
| Other insurance companies blame the rise in | | | | Contacting a good broker, who can help to identify |
| premiums on personal injury claims and fraud.This is | | | | where you can/should save money, can definitely |
| not only true for your policies, but for the general | | | | help to keep your rate down - but whichever way |
| public as well. The AA states that the average | | | | you look at it prices are likely to rise, at least for |
| comprehensive car cover rose a whopping 18 per | | | | some, this year for Motor Trade Insurance. |
| cent in 2009 alone - with more rises in 2010 | | | | This year the motto is - "Shop round and save |
| expected! | | | | money! |
| It seems a claims culture is becoming "embedded" in | | | | |