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UK Drivers Expect Insurance Raise
By James Tam on September 5th, 2007
If you live in the UK you could experience an insurance bills rise.
Britain’s biggest motor insurers think that premiums could rise as much as 20 percent in the next two years.
Admiral with over 1.5 million UK customers blame buglers and high repair costs for the hike in premiums.
Online insurance groups like Elephant.co.uk and Confused.com expect other companies to follow soon.
In the first half of 2007 Admiral increased its turn over from £68.7m to £86.3m. This huge increase was from a 5% rise in premiums that added an extra 20 pounds to everyones average bill.
Read this entire article on Mirror.co.uk
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