Last Updated on
Winter is already here and with cold temperatures sweeping most parts of UK motorists are faced with not only miserable driving conditions but also higher petrol prices, road tax bills and an increase in the cost of car insurance. In a recent study, the AA's benchmark British Insurance Premium index, says the average premium quoted for an annual comprehensive policy is up by £ 22 over the last three months. This follows a similar increase over the previous quarter.
The cold winds and snow that has already hit parts of the country mean that motorists will have to contend with driving in poor conditions and as such experts are concerned that car insurance premiums will continue to rise because of rising claims costs.
Accidents and vehicle theft alert
Motorists are being warned that they need to check the weather forecast and stock up on anti-freeze before making any journeys as a precautionary measure. The winter season also records a significant number of road accidents and motorists are urged to look at how their car insurance will affect them during this period.
Motor vehicle theft is also expected to be on the increase during this cold season and according to the AA, many cars are likely to be stolen from driveways by sophisticated criminals because a majority of motorists open their cars to defrost them and forget to remove the keys from the ignition.
Industry sources warn that motorists who leave the keys in the ignition risk ruling the insurance void which means car insurance providers are reluctant to compensate victims of opportunistic criminals. For many drivers, the winter weather also means icy roads especially in the cold nights which can bring challenging times for drivers and their insurance premiums as many motorists are more likely to lose control of their car.
Lower premiums for better drivers
However, it is not all bad news for motorists who can prove to their insurance provider that they are better drivers and can control the car in the event of an ice skid because insurers could lower their premium.
At the same time, motorists seeking reduced premiums can prove that they are better drivers signing up for an Advanced Driving Course even though this will be an added cost however, they could still save money.
Driving in winter conditions raises concern for insurance companies mainly because it is likely to involve driving for longer than usual and covering more miles. For many insurers, long hours of driving on wet icy conditions increases the chances of having accidents and as such motorists are forced to pay extra to cover any such risks when they arise.
Winter has its advantage too, according to market experts less people venture out which means that many motorists can use this time to get their next insurance quote online. Reports also suggest that motorists could save money by checking out existing offers from MoneyExpert who are giving a £ 20 cashback to every driver who will use their comparison service when sorting out their car insurance.