Competitive renewals and innovative pricing deals has added up to cheaper motor insurance premiums, a report by Datamonitor said today.
The report, UK Motor Insurance 2004/05, said the emergence of online insurance and the growing number of retailers and supermarkets in the sector has increased competition and pushed prices down.
The average coverage cost UK consumers £750 in 2004, the report said.
The report also said the way people are buying their motor insurance is beginning to change. And there are other changes in the market:
·The number of cars being brought has slowed down
·Women are considered to be safer drivers, as a result women will continue to benefit from cheaper insurance premiums.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
