Fraud blamed for record motor premium rise
Fraud is pushing car insurance premiums up faster than ever, according to AA Insurance.
This is echoed in a report published today (4 September, 2010) by Moneysupermarket.com, which suggests a fifth of young drivers has ‘staged’ an accident.
Simon Douglas, director of AA Insurance, says: “The AA has been tracking the quarterly movement of average car insurance premiums across the industry for 16 years and premiums are now rising at their fastest ever rate. The price of a typical comprehensive car insurance premium, currently about £704, rose by an unprecedented 30.9% over the
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