Motor insurance costs to rise, finds egg

07 January 2005 / by None
Motor insurance premiums will become more expensive in 2005, egg has found.

One in four of insurance brokers predicted that premiums will jump by at least ten per cent in the coming year, with close to two in three (63 per cent) saying they will increase by five per cent or more, egg revealed.

Just 9 per cent of brokers thought insurance premiums would fall in 2005.

Andy Deller, director of banking and insurance at egg, noted: "The threat of rising premiums should encourage motorists to shop around for the best deal on their car insurance. It is important that motorists research what different insurers are offering in order to find the policy that provides the greatest level of cover and benefits at the very best price."

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