its to do with all the winter weather... The 'pot' of money isnt big enough apparently.
Say you insure you car for £1000.....excess is say £200?
Now if you have a crash... Thats £800 down the pot, most people want what there car is worth....say a glanza....£2k!
Thats the insurance company indebted to you for essentually £1k
then the other party gets injured and gets £6k payout...thats the insurance company £7k down nice and easy.
The thing is where do they get their figures from how does that warrant a 60% increase in less than a year?
The other thing... Where do they stop? 100%? 200%? If they binned all of the smaller insurance companies
and had say 5 super insurance companys I think it could lower premiums and cover any shortfalls!