Car insurance prices continue to drop

MCE Insurance

Recent studies have discovered that car insurance prices are still falling and at a record rate. An average quote is down 9.8%, the biggest drop since records of this sort began.

There are thought to be a number of reasons for the fall including stricter rules on fraud and claim management companies making it more difficult for fraudulent claims to be made. Also the gender directive has seen prices for men and women level out. Prices may be coming down but the cost of insuring an average car is still twice as much as it was in 2007.

Researcher Simon Douglas said, "That gap is closing and premiums are falling again thanks to competition, as well as improved fraud detection by the insurance industry and tightening of the law that is beginning to curb the number of spurious new whiplash injury claims."

Quotes taken from BBC News

27.09.13 - MCE Insurance

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