UK Car Insurance News
search advanced search

Home >> Car Insurance News


Admiral confirms rise in car insurance premiums predicted for 2010

Article by Simon Christopher
Posted: 5/3/2010 - Last updated: -
Rating: 0.00 (0 votes)



Yet another source has predicted steep rises in motor insurance premiums this year. Admiral says its own hikes of 12% in 2009 look set to be followed by similar increases across 2010.

According to the firm, the increases are needed to go further towards offsetting the pressures caused by settling compensation claims. Commenting on the story, a spokesman for the Association of British Insurers said premiums across the industry were around 10% higher than they would otherwise be thanks to the effects of claims. This is above and beyond the effects of uninsured drivers and insurance fraud, both of which are also cited as reasons for higher premiums.

The Admiral announcement may not go down too well with customers when they learn that the firm's profits rose by 7% during 2009 to £215 million. As well as its main insurance line, the company also operates price comparison site confused.com.

Despite the profit increase, the firm says it has been hit by the success of rival comparison site Comparethemarket which has reported a three-fold increase in the number of visitors since the launch of its meerkat-based advertising campaign.

Ironically Admiral's announcement may prompt existing customers to use sites such as Confused.com to move to a rival firm. Even though it would get a cut from such a deal, that revenue is unlikely to make up for the lost business.



PLEASE NOTE: News items are intended for information only and should not be relied upon when making insurance decisions. Due to their nature, some of the information in news stories including any references to taxation, legislation, regulation, or other issues may no longer be current.

Copyright UK Insurance Index http://www.uk-insurance-index.co.uk. All rights reserved.


comments about this article

Comments About this Article:

 Add a Comment


share this article

Share this Article:



rate this article

Rate this Article:


Please rate this article between 1 and 5
with 5 being top.
All ratings received for this article.

all categories ALL CATEGORIES
A-Z Categories

popular categories POPULAR CATEGORIES
Car Insurance
Home Insurance
Life Cover
Mobile Phone Cover
Pet Insurance
Travel Insurance

directory categories DIRECTORY CATEGORIES
Business
Event
Health
Home & Property
Insurance Brokers
Life & Protection
Marine
Motor
Non UK Insurers
Pet & Animal
Personal Possessions
Specialist Cover
Sport
Travel

review categories REVIEW CATEGORIES
Business
Car & Motor
Health
Home
Insurance Companies
Life Cover
Motorcycle
Pet & Animal
Possessions
Sport
Travel

article categories ARTICLE CATEGORIES
Business
Car & Motor
General
Health
Home & Property
Insurance Awards
Insurance Guides
Life Cover
Pet & Animal
Travel

news categories NEWS CATEGORIES
Business News
Car and Motor News
General News
Health News
Home & Property News
Life Cover News
Pet and Animal News
Travel News

RSS NEWS FEED

Car Insurance News RSS Feed Car Insurance News Feed

You can subscribe to the car insurance news feed above in a number of ways:

1. Drag the orange RSS button above into your News Reader
2. Drag the URL of the feed into your News Reader
3. Cut and paste the URL of news feed into your News Reader
4. Add the feed to your AOL, Google, MSN or Yahoo account by clicking the buttons below.

Add to Google

Add to My Yahoo

Add to My MSN

Add to My AOL


latest articles LATEST NEWS
Speed awareness courses have hidden cost
Motor insurer takes it day by day
Car insurance costs drop
ABI targets younger drivers
Motor insurance scandal leads to major investigation

latest listings LATEST LISTINGS
Octagon Insurance
Quote Me Happy Car Insurance
Protect Your Bubble Car Insurance - 40 cash back*
RSA echoice car insurance
Your Cover Car Insurance from Allianz

latest reviews LATEST REVIEWS
Heritage Classic Car Insurance
Age UK Car Insurance
Carole Nash Bike Insurance
1st Central Car Insurance
One Quote Direct Car Insurance


Home | Privacy & Cookies | Terms of Use | Contact | Submit Site | Advertisers

Page protected, do not copy

This website uses cookies to ensure a reliable browsing experience. If you continue to use this website you are consenting to us using cookies in this way. To find out what cookies are, which ones we use and why we use them please click here.

Copyright © 2017 UK Insurance Index. All rights reserved.
All directory listings, articles and reviews are provided as information only and do not constitute advice or a recommendation of any product or provider. If you use these insurers, we take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy of these third-party web sites or companies. If you have any doubts you should consult an authorised independent financial adviser for advice based upon your individual needs and circumstances. A database of advisers in your area is available at www.unbiased.co.uk.