Automobile insurance rates on the rise once again

The price of petrol might be falling, but motor premiums have increased once again. New figures show a second successive quarter of price rises.

Britain’s drivers are facing higher car insurance prices for the second successive quarter, new research shows.

Figures from the Confused.com Car Insurance Price Index, produced in association with Towers Watson, show that in the last 3 months of 2014 the cost of a typical annual comprehensive motor policy rose to £594 – an increase of 2% or £12.

Back-to-back rises

This is the first time since 2011 that prices have risen in 2 consecutive quarters, the study found.

Falls in prices in early 2014, however, mean that current premiums remain lower than in 2013.

Steve Sanders, finance director at Confused.com, said: “These latest price increases, for the second successive quarter, are likely to fuel speculation that the motor insurance market has turned and price rises will become a regular occurrence.”

The research showed that out of 121 postal towns in the UK, 96 experienced some sort of price increase between October and the end of the year.

Rises for young and old

The youngest drivers faced the greatest increase in costs in absolute terms: average premiums for 17-year-olds were up £73 to an eye-watering £1,983 a year, a rise of 3.8%.

But the highest percentage increase, 4.7%, hit drivers aged 61 – this group’s typical annual car insurance bill rose £15 from £327 to £342.

The City of London was the area which experienced the greatest price rises: by the end of 2014, premiums were up 3.3% to £1,012, an increase of £33 on 12 months previously.

In parts of the Midlands, rises were higher than average: in Telford, for example, premiums were up 6.5% or £33 to £549 over the quarter.

Price falls in some areas

Elsewhere, it was a different story.

Premiums have remained largely unchanged across much of Manchester and Merseyside, while in west central London the average price was down to £888 – a fall of 0.3% over the quarter, but more than 17% lower than at the end of 2013.

Drivers across Shetland and the Hebrides have benefited from large quarterly falls in the cost of cover: price falls of 8.1% and 10.1% respectively means motorists in these islands now pay £451 and £438 for annual insurance.

Sanders added: “While some consumers may still be experiencing year-on-year savings on their car insurance policies, they should prepare themselves for further price increases over the coming months.

“Any savings they do see compared to last year will be eroded by further price increases.

“With that in mind, we would urge consumers to shop around and compare prices to ensure they get the best deal possible.”

Compare car insurance – you could find a great deal in minutes Get a car insurance quote

Automobile insurance rates on the rise once again

Car insurance coverage costs rise for 1st time in 3 years

Motorists warned of costlier cover as the most recent Confused.com vehicle insurance price index shows the initial quarter-on-quarter value rises since June 2011.

Motorists are being warned of an end to falling auto insurance coverage prices as the newest figures suggest the cost of cover is set to rise.

These new statistics are taken from the quarterly Confused.com vehicle insurance coverage value index.

The index analysed far more than 4 million quotes from the third quarter (Q3) of 2014 – July to September – to reflect what prices drivers have been paying for cover.

The typical cost of extensive vehicle insurance coverage now stands at £582, up from £579 in the second quarter (Q2) of 2014 – April to June this year.

Costlier cover

Even though on the face of it this is a modest increase – just .4% or £3 on the standard policy – it is the initial time that quarterly automobile insurance premiums have elevated because June 2011. 

Nevertheless, although rates have crept up this quarter, general comprehensive automobile insurance coverage premiums are nonetheless down year-on-year. 

This time final year the typical expense of extensive cover stood at £652, compared with £582 at present – a 8.7% drop and a £70 saving for motorists.

But given the rise shown by the most current figures, car insurance coverage professionals are warning motorists to prepare for pricier premiums in future.

‘Prepare for pricier premiums’; 

Steve Sanders, finance director at Confused.com, said: “The decreases in vehicle insurance coverage costs that we’;ve been experiencing for the last 3 years have been welcome news for motorists. 

“However, over recent months the heat has surely come out of these price reductions. 

“Our most current figures suggest that these price tag drops are now levelling out, with premiums truly rising more than the last quarter to now stand at £582. 

“Although this is just a marginal quarterly increase of £3, this is the 1st time premiums have increased given that June 2011.”

Auto insurance rates ‘a mixed bag’;

Sanders added: “All round, it is been a mixed bag over the last quarter, with cost movements affecting consumers in various approaches. 

“These movements are probably to fuel further speculation that the insurance coverage pricing cycle may possibly turn in the close to future. 

“With rates shifting around either way, as they have been over the final quarter, we’;re urging consumers to shop around and evaluate prices to make certain they get the best deal.” 

Most significant price tag rise for 66-year-olds

With the expense of car insurance coverage falling regularly over the final 3 years, motorists across the board have benefited from lower premiums. 

Even so, predictions that ongoing price decreases have been unsustainable seem to be appropriate, with motorists in some regions and age groups hit tougher than other individuals.

For example, motorists in the south of England have noticed their insurance premiums enhance by 2.6% or £12 compared with last quarter.

This is the highest boost of any region in the UK.

Meanwhile, motorists aged 66 have experienced the greatest price enhance of any age group, seeing their premiums rise by 6.1% – £19 – quarter-on-quarter. 

Best 10 quarterly price increases by age

Age	Quarterly % improve from Q2 2014 to Q3 2014	Quarterly £ improve from Q2 2014 to Q3 2014	Q3 2014 cost
66	6.1%	£19	£324
19	3.7%	£56	£1,571
20	3.%	£41	£1,412
69	2.9%	£9	£331
32	2.8%	£15	£558
70	2.6%	£8	£333
58	2.4%	£9	£391
34	2.2%	£11	£498
33	1.9%	£10	£525
71+	1.9%	£6	£348

3 prime suggestions for more affordable automobile insurance

1. Your selection of vehicle

Your car’;s worth, variety and engine size all make a difference to your insurance coverage premium. The general rule is the smaller sized the car, the reduce the premium. If you haven’;t bought a vehicle but, verify insurance quotes for the vehicles you are taking into consideration. Confused.com’;s QuickQuote app can assist.

2. Boost your voluntary excess

The excess is the very first component of a claim that is paid by you. Increasing the amount you’;ll spend in voluntary excess can reduced your premiums.

3. Check your mileage

The number of miles you drive every single year can have a massive influence on your premiums. If you are unsure of the number of miles you drive every single year, you can get an estimate by comparing the mileage on your final 2 years’; MOT certificates.

Compare vehicle insurance – you could uncover a deal in minutes Get a vehicle insurance quote

Car insurance coverage costs rise for 1st time in 3 years

Car insurance costs rise for very first time in 3 years

Motorists warned of costlier cover as the most recent Confused.com car insurance cost index shows the initial quarter-on-quarter cost rises considering that June 2011.

Motorists are getting warned of an finish to falling automobile insurance prices as the latest figures recommend the cost of cover is set to rise.

These new statistics are taken from the quarterly Confused.com car insurance coverage price tag index.

The index analysed more than 4 million quotes from the third quarter (Q3) of 2014 – July to September – to reflect what rates drivers have been paying for cover.

The typical cost of extensive car insurance now stands at £582, up from £579 in the second quarter (Q2) of 2014 – April to June this year.

Costlier cover

Whilst on the face of it this is a modest boost – just .4% or £3 on the standard policy – it is the 1st time that quarterly auto insurance coverage premiums have enhanced since June 2011. 

Nonetheless, while costs have crept up this quarter, all round extensive vehicle insurance premiums are nevertheless down year-on-year. 

This time last year the typical expense of extensive cover stood at £652, compared with £582 currently – a 10.7% drop and a £70 saving for motorists.

But provided the rise shown by the most recent figures, car insurance coverage professionals are warning motorists to prepare for pricier premiums in future.

‘Prepare for pricier premiums’; 

Steve Sanders, finance director at Confused.com, mentioned: “The decreases in car insurance prices that we’;ve been experiencing for the final 3 years have been welcome news for motorists. 

“Nevertheless, over recent months the heat has surely come out of these price reductions. 

“Our latest figures suggest that these price drops are now levelling out, with premiums really rising more than the last quarter to now stand at £582. 

“Though this is just a marginal quarterly increase of £3, this is the 1st time premiums have improved since June 2011.”

Car insurance costs ‘a mixed bag’;

Sanders added: “General, it is been a mixed bag more than the final quarter, with cost movements affecting consumers in various approaches. 

“These movements are likely to fuel further speculation that the insurance pricing cycle could turn in the near future. 

“With rates shifting around either way, as they have been over the final quarter, we’;re urging customers to shop about and examine costs to make sure they get the very best deal.” 

Greatest value rise for 66-year-olds

With the cost of car insurance coverage falling regularly over the last 3 years, motorists across the board have benefited from reduced premiums. 

Even so, predictions that ongoing value decreases had been unsustainable appear to be right, with motorists in some regions and age groups hit harder than other folks.

For instance, motorists in the south of England have noticed their insurance premiums enhance by 2.6% or £12 compared with final quarter.

This is the highest increase of any area in the UK.

Meanwhile, motorists aged 66 have seasoned the greatest price tag improve of any age group, seeing their premiums rise by 6.1% – £19 – quarter-on-quarter. 

Top 10 quarterly cost increases by age

Age	Quarterly % improve from Q2 2014 to Q3 2014	Quarterly £ boost from Q2 2014 to Q3 2014	Q3 2014 cost
66	6.1%	£19	£324
19	3.7%	£56	£1,571
20	3.%	£41	£1,412
69	2.9%	£9	£331
32	2.8%	£15	£558
70	2.6%	£8	£333
58	2.4%	£9	£391
34	2.2%	£11	£498
33	1.9%	£10	£525
71+	1.9%	£6	£348

3 prime guidelines for more affordable car insurance coverage

1. Your choice of auto

Your car’;s value, type and engine size all make a distinction to your insurance premium. The common rule is the smaller the automobile, the reduced the premium. If you have not bought a vehicle yet, check insurance coverage quotes for the cars you happen to be contemplating. Confused.com’;s QuickQuote app can aid.

2. Increase your voluntary excess

The excess is the very first portion of a claim that is paid by you. Escalating the quantity you will pay in voluntary excess can lower your premiums.

3. Check your mileage

The number of miles you drive each year can have a large effect on your premiums. If you are unsure of the number of miles you drive every single year, you can get an estimate by comparing the mileage on your last 2 years’; MOT certificates.

Evaluate auto insurance coverage – you could find a deal in minutes Get a automobile insurance coverage quote

Car insurance costs rise for very first time in 3 years

Texas’ Oil Boom Counties See Rise in Site visitors Deaths

Vehicle crash deaths are substantially up in parts of Texas exactly where oil and gas production is booming the most.

The Houston Chronicle reports that deaths rose much more than 50 percent in the West Texas counties located on the Permian Basin. Deaths also went up about 11 percent in counties linked with the Eagle Ford and Barnett shales, according to Texas Department of Transportation records.

The records do not show how many of these deaths might be straight linked to the oil and gas market.

But deaths in commercial trucking accidents and multiple-fatality crashes have gone up on roads near drill web sites and key highways like Interstate 20.

Texas has surpassed California as the state with the most annual visitors deaths in the United States.

Copyright 2014 Associated Press. All rights reserved. This material may possibly not be published, broadcast, rewritten or redistributed.

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Texas’ Oil Boom Counties See Rise in Site visitors Deaths

Gen X? The cost of your life insurance is on the rise

With my Canstar hat on, you need to truly be reviewing all your insurances at least once a year. But let’s face it, regardless of whether it is attending an Arbonne party, choosing up and dropping off kids at sport, or installing Wi-Fi at your parents spot, there is constantly a distraction.

Nevertheless if you are more than the 40 year-old barrier, then now is a great time to assessment your life insurance. Why? Since unless you chose a level premium structure back when you applied for the policy, then your premiums are about to commence increasing.

For most people with ‘stepped premium policies’ our premiums go up every single year. Even so among the ages of 45 and 50 you will start off to see even bigger premium increases than you have previously noticed. The bad news is this is going to continue every single year for the rest of your life you will open the mail after a year and say ‘I cannot believe how much my life insurance premium has enhanced!’

So this is a wonderful time to think about whether you still need the exact same quantity of cover as you had when you took out the policy. Possibly you have much less debt than you did when you took out the policy, maybe the little ones are out of college (and not as reliant on you), or just possibly you have won the lottery. On the flip side, perhaps you have recently carried out a big and pricey home renovation, have purchased into a enterprise and are about to begin paying private college costs.

There may possibly be a lot of causes for you to either minimize or enhance the amount of life insurance coverage cover that you at the moment have.

How can you function out the quantity of cover you require?

Everyone’s economic scenario is slightly diverse and the amount of insurance you have needs to suit your personal situations. As a common rule of thumb, some considerations incorporate:

• What level of debt would I want to spend off? (Feel about your property loan, any personal loans, investment loans and enterprise-related loans).


• Would I want to leave a lump sum of income to meet massive expenditures? (For instance, income to cover the cost of private college charges).


• Do I need to have to leave an quantity to invest, to aid replace a portion of my income?


• Is there any other quantity of money that my family will call for?

And

• What assets are currently accessible to sell, to contribute towards that amount of needed money?

There are a number of techniques that you can acquire life insurance coverage, all with their own pros and cons. Verify out the possibilities right here.

The most important piece of suggestions I can consider to give is to not right away cancel a policy when a new larger premium comes via. Make a regarded decision as it may be that you will not be able to get the same sort or level of cover, in a few months’ time if you choose you have made a mistake.

Gen X? The cost of your life insurance is on the rise

AA reports lull as fuel fees rise - Confused.com

21/06/13

By James O’;Brien

The AA has revealed fuel costs are after once more on the rise, with diesel motorists suffering far more than drivers who fill up with petrol.

The typical expense of petrol in Britain has gone up from 133.35p per litre in the middle of Could to 134.61p in the middle of this month. In the course of that time, the price of diesel has increased from 138.17p per litre to 139.16p.

The most pricey petrol can be located in Northern Ireland, with a litre normally costing 135.8p. Drivers in London benefit from the cheapest petrol, which fees 134.61p per litre on average.

Northern Ireland is also home to the most expensive diesel at 139.8p per litre, with London and south-west England at the other end of the scale with a common price of 139.1p.

The AA has described the steady enhance in typical petrol prices as “something of a lull” following significant modifications in costs in the final year. Even so, it stated retailers have usually been “creaming up to £1 a tank additional off diesel automobile drivers and up to £1.40 a tank additional off diesel van owners” in 2013.

The AA added: “At present, the 1p-a-litre premium that fuel stations are generally adding to the price of diesel adds 5,500 miles to the break-even point for a new car buyer who chooses diesel rather of petrol.

“Diesel automobiles generally price £1,500 far more but the saving from much better fuel efficiency must at some point recoup that.”

AA president Edmund King pointed to “considerably greater variation” in the price of diesel rather than petrol, from retailer to retailer. Nevertheless, he mentioned the profit margin on diesel tends to be a minimum of a penny greater.

“The clear message to diesel drivers is to take advantage of the higher range of costs locally. Some forecourts are more diesel-friendly than others,” added Mr King.

AA reports lull as fuel fees rise - Confused.com

AA reports lull as fuel costs rise - Confused.com

21/06/13

By James O’;Brien

The AA has revealed fuel prices are as soon as once again on the rise, with diesel motorists suffering much more than drivers who fill up with petrol.

The typical price of petrol in Britain has gone up from 133.35p per litre in the middle of May to 134.61p in the middle of this month. For the duration of that time, the price tag of diesel has elevated from 138.17p per litre to 139.16p.

The most high-priced petrol can be discovered in Northern Ireland, with a litre typically costing 135.8p. Drivers in London advantage from the cheapest petrol, which costs 134.61p per litre on average.

Northern Ireland is also property to the most high-priced diesel at 139.8p per litre, with London and south-west England at the other finish of the scale with a typical price of 139.1p.

The AA has described the steady enhance in average petrol rates as “some thing of a lull” following considerable changes in prices in the final year. However, it stated retailers have usually been “creaming up to £1 a tank further off diesel automobile drivers and up to £1.40 a tank added off diesel van owners” in 2013.

The AA added: “At present, the 1p-a-litre premium that fuel stations are typically adding to the cost of diesel adds 5,500 miles to the break-even point for a new auto buyer who chooses diesel instead of petrol.

“Diesel vehicles usually expense £1,500 far more but the saving from far better fuel efficiency should ultimately recoup that.”

AA president Edmund King pointed to “much greater variation” in the expense of diesel rather than petrol, from retailer to retailer. Even so, he said the profit margin on diesel tends to be a minimum of a penny higher.

“The clear message to diesel drivers is to take benefit of the higher range of prices locally. Some forecourts are more diesel-friendly than other people,” added Mr King.

AA reports lull as fuel costs rise - Confused.com