Put brakes on car premiums

Motorists will spend around £31,000 on car insurance over their lifetime.

Why so much? If you listen to the industry body, the Association of British Insurers, a big problem is today’s compensation culture.

But campaigning law firm Thompsons Solicitors points out that total car insurance payouts have decreased six years in a row, and says the real reason premiums are increasing is the industry’s “drive for profit”.

“The insurers think they can pull the wool over the eyes of the motoring public by shouting ever louder about a ‘compensation culture’ and ‘whiplash fraud’, but the facts speak for themselves,” said Tom Jones, Head of Policy at Thompsons.

“Claims costs have fallen every year for the last six years and are now down by 42%.

“They are paying out less and less while motorists are paying ever more.

“Why should motorists trust the ABI when they say the ‘industry does everything it can to keep premiums down’ if, when claims costs fall, premiums still go up?”