Motor insurance set to rise
Motor insurance is set to rise again after another Government announcement. The insurance industry has been given another excuse to increase premiums just months after the Chancellor announced another increase in the tax on insurance premiums adding around £25 to premiums. Now an average increase of £50 to £75 is on the way thanks to the new way that compensation for accident victims will be calculated. The insurance industry is rubbing its hands with glee and telling us how much more we will have to pay because compensation payments to those seriously injured will increase under a new formula […]