Motorists Face Higher Insurance Premiums

Motorists face further rises in car insurance premiums during the coming year, one of the country's leading car insurers warned yesterday.Admiral Insurance's chief executive, Henry Engelhardt, said premiums had risen at about 5 per cent over the past year and predicted that they could increase by 6 per cent over the next 12 months. Mr Engelhardt said rates had been kept artificially low through the early part of the decade because many insurers had budgeted more for claims than they had actually cost, enabling reserves to be released.....

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Car Insurance News: Motorists Face Higher Insurance Premiums...Get an auto insurance quote!