by CarInsurance
PRLog (Press Release) - Nov 10, 2009 - Finding cheaper car insurance for expensive performance cars and high value modified cars has never been easy due to the nature of the beast, however all that looks set to change with the introduction of a new performance car comparison system from specialist car insurance company http://www.car-insurance.tv , which has brought together over eighty high performance motor insurance schemes into one easy to use online application. 'We have found that the drivers of these cars are looking for extensive but flexible cover with the ability to vary the cover widely from what would be offered by a standard car insurance comparison website. They also want value for money policies that don't penalise them just because they drive a larger more powerful engined vehicle or have top of the range additional enhancements or modifications.
Source: Car Insurance Blog: High Performance Car Insurance Comparison Website
09.02.08
A British antitrust regulator is starting a probe into rising U.K. private motor insurance premiums, ahead of possible action to improve the way the market works.
The Office of Fair Trading will gather evidence about annual price increases over the next five weeks and work with the Ministry of Justice and the Financial Services Authority during the inquiry, it said today in a statement. The OFT plans to publish its findings in December, it said.
“The OFT wants to establish the full facts, the reasons behind any increase, and whether there are any consumer or competition issues that need to be addressed to improve the functioning of the market,” it said today.
Motor insurance premiums in the U.K. have risen 40 percent in the past year to about 900 pounds ($1,435) following soaring claims costs and rising fraud, according to the Automobile Association Ltd. Insurers have helped fuel these costs by selling customers’ details to no-win no-fee lawyers, who then encourage accident victims to claim.
Source: Bloomberg
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