Car insurance market will continue to be competitive, AA claims

Competitiveness in the car insurance market means that consumers can always find a good deal, it has been claimed.

This is despite the fact that car insurance premiums are set to rise in the near future, the AA has stated.

According to the latest survey conducted by the company, car insurancepremiums rose by six per cent in 2006.

Despite a slight dip in premium prices in the first quarter of 2007, the AA is predicting that prices will increase again shortly.

Ian Crowder, public relations manager for the AA, said: “We think that the general trend will be upwards.”

However, he qualified that by adding: “There’s always going to be a new provider coming in, trying to get a market share and offering big discounts, so for the savvy insurance buyer, there is always a provider willing to offer low premiums to get your business.”

In other news, the British Banker’s Association has welcomed plans to install free-use cash machines in some of the UK’s poorest areas.

© Adfero Ltd

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