alec mac

peterstorm1985 Wrote: ------------------------------------------------------- > Is that 41% increase on premium quoted, or 41% > increase in premium paid? We changed insurer this > year and our premium is approx 10% more than it > was last year with a different provider. So, if > there is someone on this forum who pays 72% more > this year than last, the average of the 2 is 41%. quoted.

I've been digging a bit deeper with this and I've been told that that 41% figure is actually calculated by averaging the price of the five lowest quotes. How on earth is that a fair average????

http://www.confused.com/featured-articles/motoring/car-insurance/breakdown-of-car-insurance-prices-april-2011-1984948326 that's a quarterly price index pulished by towers watson/confused.com. London's up 41% on average. It still doesn't explain the 70-100% increases I'm hearing on here.

Thanks Willard, will do.

Hi Rower, was there any explanation for the increase in the renewal letter? south londoners have always had it hard with car insurance premiums but that's a ridiculously big hike!

Has anyone else been hit with a huge increase in their car insurance premium? If so I'd love to hear from you. I'm a freelance journalist currently writing for the South London Press. If you'd like to have your say then please get in touch, my email address is [email protected]. Many sincere thanks.