We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time
The start point for the best source of fleet information |
Fleets should be experiencing a drop in insurance costs according to the latest AA British Insurance Premium Index.
Premiums have dropped 5.6% in the first quarter of 2014, while the index also shows that a fall of 16.6% over the past year.
This follows warnings by the National Association of Bodyshops that corporate insurance premiums could be set to rise, in spite of efforts by the industry to reduce costs (see BusinessCar 22 April).
Simon Douglas, director of AA Insurance, believes premiums are unlikely to fall much further, and claims there is evidence that some insurers are beginning to put their premiums up or, at least, resist bringing them down further.
"Legal reforms. to curb organised attempts at whiplash injury fraud coupled with better fraud detection by insurers have also certainly helped put downward pressure on premiums," he said.
"But.there is no evidence this is delivering any significant reduction in the number and value of personal injury claims. It's vitally important the Government continues to work with the insurance industry to... discourage whiplash injury claims."
BusinessCar magazine ©2019
Business Car Magazine © 2020 | Business Car is part of NS Media Group.
