It was very interesting to read the recent results posted by Direct Line and also Esure who are amongst two of the main insurers operating in the direct market. In fact Direct Line are the largest motor insurer in the UK.
Interestingly during the second quarter of 2015, they reported an increase of 5.9% in overall motor prices compared to the second quarter in 2014. This is interesting and due to their market share , many motorists will experience rate increases in the year ahead.
The sharp increase in these premiums comes after three years of soft rates in the UK motor market and premiums have decreased during this period.
Recent research has suggested that motor premiums have risen by 5.6% in the second quarter UK wide compared to 2014 and it is definitely the time to shop around for alternative quotes.
The claims environment surrounding the motor insurance industry also suggests that rates will rise this year as small injury claim are still a problem for motor insurers.
After experiencing falling motor premiums during the last three years it is now time to check the market when your car insurance renewal arrives.
Always remember to check what you paid at the previous renewal and check the annual amount that you are being asked to pay this year.
At www.insurescotland.com there is a choice from hundreds of motor insurance policies from many different insurers and the quotes are NOT restricted to only one insurer.
Quotes only take a couple of minutes !!!!!!!!!!