insurance premium increases
Make a claim for a car accident is likely to increase premiums, even if the accident occurs through no fault of their own. The car insurance policies include excess to deter people from making trivial accident claims which cost insurers millions of pounds.
When claims are made insurers will premiums to cover expenses and also deter people from making further claims in the future. In some cases, annual insurance premiums can double as a result of a complaint accident. This system may seem particularly unfair if the accident was not your fault or you have been victim of a crime such as theft. If your car insurance company does not increase the premiums you can always look around for a better deal with cheaper premiums. However it is very little you can do to protect yourself against other drivers on roads can cause accidents in the first place.
Disturbingly, the research by USwitch found that 33% of motorists in The UK does not know how fast the national speed limit is set, and fourteen percent of people rely on road signs to inform speed limits are on the road. Statistics show that drivers who exceed the speed limit causes more than seven thousand accidents every year, of which fourteen percent are fatal. This is an incredibly high number. In addition, the research found that over half of respondents did not know who had priority, if a set of traffic lights at an intersection crash. The result is more accidents on the roads, resulting in more claims compensation and insurance costs ultimately superior.
Uswitch say that estimate consumes are paying more than £ 845 million pounds extra as outcome of these claims. One reason for this could be the fact that insurance claims costs have increased over the past five to ten years. It is estimated there has been an increase of twenty three percent in the average car accidents since the claim for payment from 2001, amounting to £ 355 pounds. The average car insurance are paying more than £ 23 million pounds per day for accident claims, equivalent to almost one million pounds every hour. This is an amazing amount and makes it easier to understand why insurers increase premiums for drivers who make a claim. But perhaps if more people came care on the roads this figure could be drastically reduced.
But drive more carefully may not be feasible that motorists are not aware all rules of the road. Most drivers take a test on motor life, and that may have become a dark and distant memory a few years when have developed their own perhaps less than perfect driving habits. As part of the investigation Uswitch of motorists who tested the theory of basic driving and found that only one percent of the 2,500 respondents answered all questions correctly. In addition to eight percent of people have all the questions wrong. Apparently, until the drivers are required to refresh the memory of important driving skills on a more frequent accident claims are still likely to be made, ie, premiums are responsible for increase in the future.
About the Author:
Danielle is an author of several articles pertaining to No Win No Fee, Compensation Claims, Accident Claims, Personal Injury Claims and other legal articles.
Article Source: ArticlesBase.com – Accident Claims Forcing Up Insurance Premiums
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