Car Insurance Expected to Rise in 2009
A leading insurance expert has predicted an increase in car insurance premiums across the UK next year caused by a knock on effect from consumers cutting down on their insurance payments due to the current state of the economy.
Insurers are likely to increase premiums to compensate and ofset lower investment returns. However with motorists less likely to purchase new vehicles it is not expected to effect the consumer too much since the purchase of new cars reduces.
In other news from Compare Com: As the unemployment rate rises, an ever increasing amount of insurance policies are either not being renewed or cancelled as the typical unemplyed consumer simply cannot afford the repayments and being out of work means they do not necessarily require a vehicle.