Car Insurance Set To Rise Again As UK Overtakes USA

Drivers in the United Kingdom could be facing a hike in their premiums after claims for car crash-related injuries broke records.

In the last year, UK claim rates have overtaken those of America, as injuries and whiplash claims soared by 18% from 2010 to 2011- the biggest annual increased in history.

Whilst the volume of car accident damage claims fell by 5%, insurance payouts increased by 9%, a report by the Institute And Faculty Of Actuaries states.

David Brown, Chairman of the institute said: “The increase in costs to insurers is likely to result in a rise in motor insurance premiums for drivers.

 

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