[Wolverine]

Just seen this on the BBC.

http://www.bbc.co.uk/news/business-39101829

It says premiums could go up by an average of £75 based upon a change in the formula applied to calculate compensation. Because gilt yields are low, the rate applied to the compensation to account for future investment growth of a lump sum is going down from 2.5% discount to -0.75%.

Seems like a further licence to print money for the insurers...

[Darth Helmut]

And a further excuse for more people to not be insured. Lose-lose situation

[AndyEssex330d]

£75 is about 5% of my premium, actually a little less than 5%.

There is always an excuse to drive prices up

I like how that article pushes blame completely away from the insurance companies, who will out prices up to protect their margins.

Maybe closer management of fraudulent claims and a crack down on incorrectly insured as well as uninsured drivers may help overall premiums.

I know it's business, but a typical BBC blame the government article unfortunately, annoying.

[goodbyalfa]

The insurance industry will use any old reason to pump up the premiums...