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car insurance premium up from £781 to £797 due to tax hike

The increase will hike the average car insurance premium up from £781 to £797, based on Confused.com’s price index.
On Thursday June 1, the government’s tax on insurance premiums rises from 10% to 12%.
Ms Stretton forecasted that, as a result, average car insurance premiums are on course to hit £1,000 by the end of 2018.
To put the IPT rate rise into context, the average car insurance premium was £629 in October 2015, when IPT was just 6%.
That’s not all – car insurance premiums will continue to shoot up thanks to changes in the personal injury discount rate which came into force in March.

car insurance

As it stated in Cheap car insurance – Most popular and affordable cars to insure REVEALED Sun, March 19, 2017 Cheap car insurance – Most popular and affordable cars to insure REVEALED Play slideshow GETTY 1 of 15 1.
Vauxhall Corsa – £2,065 average yearly costSpeaking to Express.co.uk, a spokesperson for comparethemarket.com said: “Car insurance fronting is deemed to be fraud.
“They might even face the possibility of being taken to court and prosecuted for car insurance fraud.
A car insurance measure used by some parents when insuring their child, to save money, carries serious consequences.
GETTY Car insurance fraud can be committed if a motorists ‘fronts’ their policyAccording to research by GoCompare.com, more than half of parents of young drivers have “fronted” or would consider “fronting” a car insurance policy, if its resulted in lower premiums.

Car insurance in Michigan: How no-fault insurance works

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As it stated in What is no-fault car insurance?
Unlike many private health insurance plans, no-fault car insurance also pays for in-home nursing care — known as “attendant care” — to help a person with tasks such as dressing, showering and preparing meals.
People generally have up to a year from the date of the accident to file a no-fault insurance claim.
No-fault auto insurance will pay for all of a car crash victim’s necessary medical bills for as long as that person’s injury or disability persists, potentially for life.
How long do I have to file a no-fault insurance claim?

 

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