Insurance News Car Insurance Premiums Fell 3 Percent In 6 Months Says Sainsburys

Written by Editorial Team
18 February 2009 / by Rebecca Sargent

Car insurance premiums fell by more than three per cent in the last six months of 2008, statistics from Sainsbury’s car insurance have revealed.

According to the figures, the average car insurance premium in June 2008 was £514.16, which is 3.1 per cent higher than the £498.22 they were in December 2008.

However, Sainsbury’s Bank has warned that despite the fall, car insurance premiums could soon rise as a result of an increase in personal injury claims which were up 22 per cent last year, at a cost of more than £6billion.

Commenting, Joanne Mallon manager of Sainsbury’s car insurance, said: “The average motorist is still looking at around £500 to insure their car so it is important for them to shop around for competitive insurance.”

Commenting on the increase of personal injury claims, Ms Mallon added: “Premiums could rise as a result of the rising cost of personal injury claims and also repairs.

“However, given that around two thirds of motorists admit to some form of potentially dangerous activity whilst driving such as eating or using mobile phones, by cutting out these practices we can reduce the chance of being involved in an accident,” she added.

Compare car insurance deals »

© Fair Investment Company Ltd