Have you been shopping around for your motor insurance?
As we covered yesterday, the UK car insurance industry is set to hit customers with an average 14% increase in car insurance premiums. This comes at a time when UK motorists are being hit on all sides with increased road tax, increased petrol prices and now increased car insurance premiums. As we have mentioned on numerous occasions, it seems as though the UK motorists is, and always has been, "fair game" for the government when looking to raise further funds.
The problem is that obviously car insurance is a legal obligation and motorists have no choice but to ensure they are legally covered when using their vehicle. However, this has not stopped a growing band of motorists in the UK from driving without insurance which ultimately feeds into the sector and pushes premiums higher and higher with motorists as a group being forced to cover legal expenses and costs associated with uninsured drivers. But is this fair?
Ultimately, whether this situation is fair or not it seems to be that the UK motorist has no choice and will always pick up the tab. Even though there was a sudden increase in competition when the Internet became more popular, slowly but surely car insurance premiums are most certainly on the rise and set to increase for the foreseeable future.
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