Car Insurance - Why car insurance premiums are so high - 23/07/2008

Wondering why car insurance premiums are so high? continuing on such a negative upward trend, well this quote tells a large part of this story, “The ABI estimates that on average £40 of each annual car insurance premium, is the direct result of covering the cost of car insurance fraud. However, with signs that this trend is set to increase it seems that the more drivers which make fraudulent claims to bail themselves out, the more expensive car insurance premiums will become, putting more drivers in the same situation.

It seems that the actions of quite a significant percentage of UK drivers, is affecting the majority of law abiding UK motorists. What needs to be done is harsher penalties for this crime, it is a guess at the moment, but it must be assumed that many of the individuals committing this crime are not afraid of the consequences, because the consequences may seem not so severe, in addition to the fact that many individuals including myself, have no idea what the consequences are exactly.

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