Insurance companies are facing increasing cost pressures which have pushed the price of motor insurance to levels not seen before. The current average premium is 21% higher compared to Quarter 2 in 2022 and is at its highest since the Association of British Insurers (ABI) started collecting this data back in 2012. The ABI’s latest…
Ever been approached by a previously unknown Insurance Broker with an offer that seems too good to be true? Watch out. It could be a ghost broker scam! Not everyone out there is as honest and trustworthy as Asprey Harris Insurance Consultants. The term ‘ghost broker’ is used to describe a fraudster who pretends to…
Most drivers are well aware of the dangers of driving under the influence of alcohol, cannabis and cocaine and the penalties for doing so. However, how many of us can say that we actively consider how prescription and over-the-counter medicines can also affect our driving? Under UK law it is an offence to drive or…
The good news is that last year saw premiums fall to their lowest level for six years according to the ABI’s latest Motor Insurance Premium Tracker. The not so good news is that they may be on their way back up. The latest Tracker survey, the only one that looks at the price consumers pay…
Prices are rising across the board: from food to fuel, utilities to school uniforms the things we buy regularly are triggering a rise in inflation. Yet one thing appears to be bucking the trend – motor insurance premiums. According to the Association of British Insurer’s (ABI) latest Motor Insurance Premium Tracker, the average cost of motor insurance…
Have you ever noticed your insurance premium creeping up every year, even when you renew with your existing insurer? Known in the business as price walking, it means that consumers have to shop around and switch insurer every year to avoid paying higher prices for being loyal. It also distorts the way the market works…
Fewer accidents lead to overall claim payouts falling by almost one fifth Average personal injury claims rise by 13% Motor insurance premiums remain at a four year low Insurers continue to give additional benefits to motorists The number of motor insurance claims settled by insurers in 2020 fell by 19% according to figures published by…
Helping young drivers reduce their insurance premiums with telematics: #DeriskingTheFuture
Last week saw the third reading of the Civil Liability Bill in the House of Commons which was passed with only minor amendments. The Bill seeks to limit the cost of whiplash claims and is now expected to become law in 2020. Once implemented it should help to reduce the cost of motor insurance premiums…
A recent survey reveals that many drivers have a real lack of awareness of the rules of the road, putting themselves and others in danger. For instance: More than 50% admitted their road knowledge was so poor they didn’t recognise the roundabout sign. Over two-thirds of drivers admitted they had no understanding of the two…
