Motor price war claims unfounded says Datamonitor
Market analyst Datamonitor has declared that suggestions of a price war between major motor insurers are premature. In its latest report the analyst says that whilst the majority of insurers are still opting to push through price increases to cover the rising cost of motor claims, dramatic increases similar to those witnessed in 2000 and 2001 are unlikely.
“Motorists can breathe a sigh of relief. The days of sky-high car insurance premium increases are over for the foreseeable future and common sense will prevail,” comments James Greenwell, DatamonitorOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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