Insurers move to cut the cost
of car insurance

Insurers are estimated to pay out £2 billion a year in legal costs to resolve legal battles for personal injury claims. Most of these cases chug through the courts in lengthy and costly legal actions and as a result, around £200 of the average< great articles - bad credit loans uk residents > car insurance premium goes towards the risk of having to pay out on a personal injury claim. So any move to cut these costs should result in a meaningful reduction in car insurance premiums.

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In this context the recent move by the Association of British Car Insurers to get personal injury cases out of the courts and into an independent arbitration system, is certainly to be welcomed. A similar system was set up in Ireland last year and as a result legal costs were slashed by 75% and cases are resolved much quicker than in Britain. Motor Insurance

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Insurers move to cut the cost of car insurance

Insurers move to cut the cost
of car insurance