Daily Automotive

According to a recent survey, car insurance premiums are rising at their fastest rate for nearly a decade. The average fully comprehensive motor insurance policy has risen in cost by 3.5% in the past 3 months alone with the average fully comprehensive insurance policy now costing a whopping £778.13. This is an increase year-on-year of 11.3% and with no signs of these price increases slowing down it appears as though car insurance prices will continue to rise.

These price increases aren’t just affecting fully comprehensive motor insurance policies. Third party fire and theft policies have also been hit by this rise in price. Typically purchased by young and inexperienced drivers, a 4.6% increase has taken the average price of these policies to £968.22.

There are a number of factors that have lead to these increases in price. Major contributors to these price increases include theft, fraud, personal injury claims and legal expenses which are all on the up. It is thought that personal injury claims and their associated costs will hit £10.9bn by 2012 and whiplash injuries alone add £66 to every car insurance policy purchased. £30 is also added to policies due to the increasing number of uninsured drivers.

There are a number of things you can do to combat these increasing insurance costs. The easiest way to reduce your car insurance premium is to shop around for your car insurance policy. By comparing car insurance policies from a number of different car insurance providers it is possible to save money as insurance costs can vary significantly depending on the provider. Sites such as Moneysupermarket.com allow you to compare car insurance policies from over 100 leading car insurance providers making it easy to save money on your motor insurance policy. Other ways to reduce your insurance costs include increasing your voluntary excess, avoiding paying for your policy monthly and adding security devices.

One of the key factors that may increase the cost of auto insurance premiums, is theft. Although this is one of the things that affect the premiums for all, is completely safe for the residents of Northern Ireland. Although times have changed and there are no problems, some providers do not offer insurance coverage for residents or can be charged higher premiums. However, there are ways to save on your car insurance premiums and N Ireland Here are some you want to take into account before you can post your nomination.

Where is parked?

If you park your car then left the road or in a rest area, you may need more for their car insurance than someone of his car in the garage at night is payable. There are several reasons for this and the first is that your vehicle is a greater risk of being stolen. It is also possible that your car can be damaged by passing vehicles. It may also be targets of vandalism and of course you can be at any time. These problems are, of course, hardly any, if the car is locked in a garage.

Your vehicle

Into account the size, make and model of cars needed by the vendor in deciding the amount to pay the premiums to be taken. Therefore, choosing a new vehicle or used, you may want a smaller car with a smaller engine, as opposed to buying a sports model fitted with an engine big big purchase.

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