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Insurance Latest News Car insurance claim statistics revealed
Insurance Latest News Car insurance claim statistics revealed Car insurance claim statistics revealed
Many drivers seek a new insurance deal within a few years of their original purchase, it has been suggested.
Car insurance seekers might be interested in news regarding the length of time at which vehicle owners decide to make a claim.According to Virgin Money Car, 40 per cent insurance requests come from motors that are between three and six-years old.
In particular, cars that have been on the road for five years are the most likely to be subject to a claim.
Grant Bather, spokesman at the organisation, noted that although older cars are not necessarily more dangerous, they appear to be more likely to be involved in incidents that may lead to a claim.
He said: "Drivers tend to change their car every three to five years and on this evidence they have some justification."
Mr Bather also observed that consumers who obtain finance for a second hand car need to ensure their vehicle meets all the relevant road standards.
Elsewhere, British insurance seekers might also be intrigued by the opinion of Graham Hiscott of Mirror.co.uk, who asserted that motors with a small engine size are less expensive to insure.
By Emma North
Tuesday, 23 February 2010 00:00
Comments (3)
The comments listed below are opinions held by the individuals posting and are not endorsed by, or representative of opinions held by which4u.co.uk. We cannot be held responsible or liable for the accuracy or content of any comments submitted. We reserve the right to publish, remove or edit comments as we see fit.
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JAMES 2010-02-24 12:00:49The top 5 car Insurance providers stated are the most expensive in my survey to date.I hope my comments have been of assistance.
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Admin 2010-02-24 12:13:36Quotes often vary depending on the individual applying for the policy, as your quote is influenced by your current circumstances, so this may be true for some, but others may find that these providers do in fact offer the most competitive rates.
Something else to remember is that the cheapest price isn't necessarily the be all and end all to the best policy and a number of factors should be taken into consideration, for instance good customer service and the likelihood of an insurance claim being accepted. -
H 2010-02-24 23:50:08I work for Direct Line and I'd agree that they are one of the most competitive. Im insured with them myself and even though my renewal has shot up this year (insurance rates increased 18%) they are still coming out the cheapest and also voted the most trusted insurer. Im just gutted my premiums gone up 180 quid when I haven't claimed and nothing changed!!!
Top 5 Car Insurance Providers
|
Insurer |
No Claims Discount |
Online Discount |
Apply |
|---|---|---|---|
| View Full Table > | |||
|
|
up to 65%
|
20%
|
|
|
|
N/A
|
up to 20%
|
|
|
|
N/A
|
15%
|
|
|
|
up to 65%
|
N/A
|
|
|
|
up to 70%
|
10%
|
|
Top 5 Home Insurance Providers
|
Insurer |
Apply |
||
|---|---|---|---|
| View Full Table > | |||
|
|
up to 10%
|
20%
|
|
|
|
N/A
|
N/A
|
|
|
|
N/A
|
30%
|
|
|
|
up to 0%
|
20%
|
|
|
|
up to 0%
|
25%
|
|
