Tag Archives: insurance discount rate

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Insurance claims set to reduce

Motor InsuranceBy Peter Brown 29th March 2018

At last some good news for motorists. The Government have introduced a Bill to reform the law relating to whiplash claims and the way in which personal injury claims are handled. Known as the Discount Rate, this determines the compensation people receive following an accident. Road traffic collisions have fallen by 11% in the last…

Motor insurance premiums continue to climb

Motor InsuranceBy Peter Brown 28th February 2017

Rising by more than five times the rate of inflation on 2016, motor insurance premiums hit their highest recorded levels last quarter. Tax increases, escalating repair costs and the rising costs of whiplash style injury claims are the main reasons for the hike in costs. To make matters worse, there are fears that the Ministry…