You're on your way to saving money!

Personal injury claims adding £40 to the cost of every car insurance policy

Personal injury claims adding £40 to the cost of every car insurance policy

Recent statistics have revealed that the cost of legal fees for personal injury claims are adding £40 on average to the cost of an annual car insurance policy. This means that 10p in every pound spent on car insurance premiums is going to personal injury lawyers as the cost of legal fees for personal injury claims which arise following a road traffic accident rise. The Association of British Insurers conducted the study which took into account more than 50,000 personal injury claims related to car accidents. The Association found that the rising cost of legal fees is contributing to the hike in the cost of car insurance premiums. For the average personal injury pay out of £2,430, the cost of legal fees stands at £2,000. These extra costs are then passed onto the motorist in the form of higher priced car insurance premiums. In light of these recent findings, there are calls to change the claims system to make the process faster and more efficient in order to reduce the cost of legal fees. The Association of Personal Injury Lawyers have confirmed that a complete overhaul of the claims system is already underway in order to help make the process a lot simpler and to help reduce costly legal fees.

Our services

CAR INSURANCE

We can help guide you through the often confusing world of car insurance and find the policy that’s right for you.

TAXI INSURANCE

Being a Taxi driver is a fantastic occupation, although it’s one that comes with its own challenges and hazards too.

VAN INSURANCE

Van owners out there, we would like to welcome you to HIGHGEAR Insurance, the UK’s first choice for van cover.

CHAUFFEUR INSURANCE

A chauffeur is an important and rewarding job where you get to meet interesting people AND drive some fantastic cars.

WEDDING CAR INSURANCE

Transport is a vital part of wedding day nuptials and can serve so much more than simply the opportunity to travel.

LORRY INSURANCE

No trade is left out of our prices for coverage, understanding the necessity to reduce business rates to increase profit.