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Recently released figures show that car insurance premiums look set to rise 12% next year, with a further 12% in 2010.
The average driver could see a rise of £50 for fully comprehensive insurance and a newly qualified driver could be looking at an increase of over £200.
Insurance companies maintain that increases in prices are mainly due to the increasing amount of successful accident claims. Public awareness has been raised due to television advertising from personal injury lawyers encouraging and making it easier for individuals to make compensation claims.
A well knownprice comparison website suggests that people should shop around for the best possible price for their car insurance to avoid these predicted increases.A representative from the comparison websiteclaims it is alarming so many motorists are prepared to waste their hard-earned cash by not looking for a better deal resulting in insurance companies rubbing their hands with glee.