Remember how I was saying that car insurance rates were plummeting last week? Well this week it’s different – the downward slide has stopped in some UK areas.
So here’s the good news/bad news moment of the week: the so-called “real” cost of insurance fell recently, but it’s going to be quite short-lived indeed.
Somehow – and I have no idea how this occurred – car insurance premiums in Scotland have dropped even as insurers in the North report record profits.
We live, as the old curse says, in interesting times – but things are about to get even more strange and interesting very soon if the rumours happen to be true!
While there have been recent reports that the average price of car insurance cover is on the decline, there’s evidence that insurers are still hungry for cash.
It’s nowhere near fair or equitable, but it’s come to light that car insurance companies routinely use your postcode to determine your base insurance rates.
New research revealed this week showcased how car insurance rates have been dropping consistently for a long time now – and that they will continue to do so.
Once more car insurance rates have trended downwards, but experts are unsure of how long this dip will last – if at all.
British car insurance companies certainly have their hands full with motorists living in or near Birmingham, if this week’s news stories are any indication.
Whether you’ve got classic car insurance on your early Fiat 500 or just third party cover on your Vauxhall Astra, you’re in for some pain sometime soon.