News today reveals that the costs of renewing car insurance in September rose following months of cheaper premiums, according to new research. Louise O’Shea, CEO at Confused.com comments:
“Our research found that more than three quarters (77%) of UK drivers who received their renewal in the last three months saw their price increase by £44, on average. Last month’s FCA announcement of measures to stop insurers pricing renewing customers unfairly was bound to come as good news to drivers. For too long, people have been penalised for staying loyal, which shouldn’t be the case. However, it’s so important to understand that this doesn’t mean you’re getting the best price available on the market.
“According to our latest Car Insurance Price Index, motorists can now expect to pay £765 for their car insurance, as prices for new policies dropped by £18 (2%) in 12 months. But you’ll only find the best deals if you shop around. There will be an insurer out there offering a cheaper price than your current insurer. At Confused.com we’re so certain of this that we’re offering to beat your renewal quote or give you the difference, plus £20.”
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