Latest Car Insurance News

Zurich Signals Big Increases in Car Insurance Premiums

Posted 20th January 2010

In a move which could become widespread across the UK car insurance industry Zurich have warned that rates will increase by as much as 20% on policies sold through its brokers and similar rises are to be expected to be introduced across direct channels.

The reason for this action is down to huge rises in personal injury and third party insurance claims. According to Zurich car insurance this is leading to unsustainable losses. In 2009, there was a 30% increase in bodily injury claims frequency. In addition, sharp rises in inflation meant that the cost of bodily injury claims rose in real terms by 50%.

Another factor not mentioned in the statement put out by Zurich is the increase in claims caused by the recent unprecedented snow and ice on Britain’s roads. On one day during the snow weather event it was reported by a competitor of Zurich that claims leapt by 50% compared to the same day in 2009.

If the industry adopts Zurich’s lead on this, expect consumers to shop around even more vigorously when it comes to buying insurance in 2010!

Get a Quote

Insurance Directories

• Insurance Groups
• Insurance Brokers
• Direct Insurers
• Young Drivers
• Students
• Women Drivers
• Older Drivers Over 50
• Classic Cars
• Sports Cars
• Kit Cars
• Custom Cars
• 4x4 Vehicles
• Northern Ireland
• Driving Abroad
• Import Insurance
• Commercial Vehicles
• Van Insurance
• Taxi Insurance
• Motorhome Insurance
• Car Manufacturers
• American Cars
• Breakdown Cover

Car Directories

• Car Repairers
• Car Leasing
• Car Security
• Car Storage

Insurance Guide

• Car Insurance Groups
• Speeding Insurance
• No Claims Discount
• Pay As You Go
• Insurance Claims
• Terms and Conditions
• Uninsured Drivers
• Short Term Insurance
• Glossary

Insurance Resources

• Car Insurance News
• Insurance Organisations
• Car Data Check
• Contact Us