September 16, 2008
High Car insurance prices for city motorists
The British Insurance Brokers Association has reported that UK drivers who reside in the largest cities are reluctant to purchase car insurance products because of the high costs. The organization pointed out that those motorists who live in Birmingham and London can expect to pay some of the highest insurance rates in the country.
Cities are known to have a higher concentration of accident hotspots and higher crime rates than rural and other areas. Those who wish to find the most affordable deals ,that are best suited to their personal needs, are encouraged to shop around by using comparison websites or insurance brokers.
It has also been estimated that that approximately one fifth of all British motorists do not have adequate insurance for their vehicles. This means that there are over 1.5 million drivers who are travelling without the correct insurance cover. This may prove to be costly if they happen to be involved in an accident.
Those motorists who drive with no insurance cover whatsoever can expect to face a criminal conviction as well as a harsh financial penalty.