The average quote for annual comprehensive car insurance has fallen to £594.86 – a 9.8% fall from the figure of £659.53 in July last year, according to AA Insurance.
Motorists have been amongst the hardest hit consumers to suffer continued price rises over the past few years, and it isn’t just the increases in the cost of fuel that are to blame.
Motorists in Scotland and the North of England are up to three times as likely to damage their cars on poorly maintained, potholed roads, according to campaign website, Potholes.co.uk.
The entire landscape of the UK car insurance market has now changed after the EU gender directive has come into force and women will no longer receive reduced rates from insurers.
It is illegal to drive without car insurance in the UK, making it one of life’s annoying little expenditures for all motorists. Whilst you have to pay for it, the question begs, are you paying too much?
Chancellor George Osborne has confirmed that the planned 3p rise in fuel duty this summer has been halted for the remainder of the year. The dramatic U-turn will mean that drivers’ fuel duty costs will now be 10p a litre lower than if the government had forged ahead with the plans.
Sales of new cars leaped by 7.9% in May 2012 compared to the same period last year, partly buoyed by buyer interest in fuel efficient models.
Rising petrol prices, looming fuel strikes and the imminent rise in car insurance is posing a serious threat to UK motorists as the cost of driving rises sharply.