Car insurance news
24/11/2007

Growth in cheap car insurance market

A Datamonitor report has predicted that cheap car insurance policies will be figuratively flying off the shelves in 2008 and beyond.

The findings of the market analysis suggest that the UK motor insurance market will continue the growth that has been seen in 2007.

The predictions are good news after the difficulties of 2006, a year which was something of a worry for the car insurance industry. It saw the value of premiums drop by almost 1%, meaning that it had reverted to levels similar to that of 2002.

Whilst this is good news for the cheap car insurance companies underwriting and selling the policies, it could mean that drivers see a slight rise in the cost of their motor insurance quotes in the coming years.

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