Car Insurance. Check Out the opposition. Part 2

Internet sales are growing rapidly, reports this week suggest 10% of retail sales - and it's not surprising. In fact it's share of the insurance market will be even bigger. That's because the Net's quick and generally easy to use. Surfers can check out specific insurers or go to comparison web sites or use web sites, like ours, that recommend specific insurers for specific categories of driver. It doesn't half beat a morning down the high street or trolling through yellow pages. And it's certainly better than fending off Indian call centres!

New medical insurance products such as pay-as-you-go, a multi-car policy and the appearance of new niche market insurers such as Sheila's Wheels all point to a further stiffening up of competition within the market. And this indicates that now's a good time to go car insurance shopping.

But there are warning clouds for consumers. Pips are beginning to squeak at the insurers as a result of accelerating claims, placing doubts over their ability continue to hold down prices much longer. The cost of settling personal injury claims is rocketing at 12% per year whilst accident damage is costing around 5% more per year. The increase in the average cost of repair has far outstripped the savings from decreases in the number of accidents. < Life Insurance site - life insurance adviser - great life insurance articles for uk residents brought to you by car insurance engine( life insurance specialist )

Says Ian Crowder of the AA, "If we don't start to see modest price increases, then there could well be an unpleasant and sudden price hike. That will not be good for the industry's reputation or for customers".

We say, let's take our chance. We'll continue buying online!

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Car Insurance. Check Out the opposition. Part 2