General Insurance Article - Car Insurance costs continue to rise


 Insurance comparison site Tiger.co.uk published its May 2011 Tiger
 Watch results today. Tiger Watch monitors the price increases in the car
 insurance market by looking at hundreds of car insurance quotes each month.
 The results show that car insurance prices continued their upward trend in
 May, with costs in the month being 29.4% higher than those of May 2010 and
 2.3% higher than those returned in April 2011.
  
 A spokesperson for Tiger.co.uk commented: “Car insurance inflation shows no
 sign of slowing down and these increases are adding hundreds of pounds to
 annual motoring costs. Our Tiger Watch price monitor shows that costs have
 increased over 10% in the last 3 months alone and drivers are routinely
 receiving insurance renewals with premiums that are £200 to £300 higher than
 those paid a year ago – much higher for some drivers. We think that this
 trend is likely to continue across 2011, albeit with a slower rate of
 inflationary growth from August onwards. The year could still finish with
 costs around 25% higher than those seen in 2010.”
  
 The Tiger.co.uk spokesperson went on to offer some advice to those motorists
 who are trying to find cheaper car insurance: “Our advice is to always shop
 around rather than just accepting a renewal price. Using an independent
 comparison site like Tiger.co.uk only takes a few minutes and by giving you
 access to a large number of UK insurers could result in significant savings
 on car insurance. Other tips for keeping costs down include not adding
 modifications to your car; considering (where legitimate) the addition of a
 second, more experienced driver to your policy; and paying for your
 insurance in one instalment rather than incurring the massive interest
 charges that are usually incurred with monthly payments”.

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