04 Feb

Three ways to reduce the risk of car theft

  • Park your car in a well-lit area
  • Keep car keys well away from external doors or windows
  • Turn off the signal overnight or keep the keys in a signal-block pouch.

The cost of claims has also risen, with the ABI saying that in total insurers paid out £108m in the first three months of this year – up by over a fifth on the same period last year.

It said this was partly due to the higher costs of repairing technically advanced car designs.

Despite the rise in insurance payouts, the ABI said the average price for motor insurance was at its lowest level for two years at £466.

It said this reflected reforms to whiplash insurance payouts aimed at stamping out bogus claims. The legislation only comes into force next April, but the ABI said insurers had already started to reduce premiums in anticipation of lower payouts.

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