As if it was not bad enough that fuel just keeps going up beyond reason, motorists in the UK now have to contend with the rising cost of insurance cover as well. In fact, there is an investigation currently underway because insurance costs have risen way beyond the cost of inflation and government is considering the possiblility that there is price fixing lurking behind the scenes.
One of the things which consumers should be aware of is the fact that current customers should not assume that they will be getting a good deal on insurance with the company they are with at the moment. There are always price wars between insurance providers that try to lure customers away from other insurance companies. Because of this, new customers are offered sweet deals.
When it comes time to renew, current customers don’t get the same consideration and most often will end up paying more for their insurance than new customers just signing on for a policy. According to Richard Evens who wrote for the Telegraph, you should do a bit of bargain comparison shopping just before it becomes time to renew an existing policy because you will most likely find a better price from a competitor that is trying to take you away from your current company.
Even so, there may be price wars ongoing but a super complaint having been recently filed is showing that insurance companies across the board are making price rises almost identical in amount and nature. This has prompted an investigation as to whether or not insurance companies are in cahoots in order to unethically raise the price of auto cover.
Nonetheless, the rising cost of fuel and insurance is putting a hardship on a majority of UK motorists. One word of advice being given is to do everything in your power to shop for cheap insurance because it is of vital importance to protect yourself and your assets by staying legal.
