Friday, September 01, 2006
Car insurance prices set to rise
Car insurance prices look set to rise after Norwich Union, the UK’s second largest car insurer, hiked up its prices.
The company has raised premiums by an average of 16 per cent, claiming that rising claim costs had forced the increase. Prices will rise significantly for riskier customers – premiums for young men will leap by up to 40 per cent.
Industry speculation suggests that other insurance companies will now follow Norwich Union’s lead.
DATED: 01.09.06
FED: MT
The company has raised premiums by an average of 16 per cent, claiming that rising claim costs had forced the increase. Prices will rise significantly for riskier customers – premiums for young men will leap by up to 40 per cent.
Industry speculation suggests that other insurance companies will now follow Norwich Union’s lead.
DATED: 01.09.06
FED: MT
