MSE News: Car insurance premiums expected to fall by up to £35/yr as whiplash reforms take force

Options
MSE_Petar
MSE_Petar Posts: 337 MSE Staff
Photogenic First Post Name Dropper First Anniversary
Drivers could save up to £35 a year on their car insurance, the Ministry of Justice has said, as major reforms to the claims process for whiplash injury come into effect this week. The shake-up includes a new online portal for road traffic injury claims, while whiplash cases can no longer be settled without medical evidence.

Read the full story:
'Car insurance premiums expected to fall as whiplash reforms take force'

Click reply below to discuss. If you haven’t already, join the forum to reply.

Comments

  • facade
    facade Posts: 7,061 Forumite
    Name Dropper First Post First Anniversary
    edited 1 June 2021 at 6:26PM
    Options
    Why would the possibility of insurance companies not having to pay out as much lead to lower premiums for me, rather than increased profits for them?
    I want to go back to The Olden Days, when every single thing that I can think of was better.....

    (except air quality and Medical Science ;))
  • born_again
    born_again Posts: 14,705 Forumite
    First Anniversary First Post Name Dropper
    Options
    facade said:
    Why would the possibility of insurance companies not having to pay out as much lead to lower premiums for me, rather than increased profits for them?
    Well they have to make that money they are now going to lose from loyal customers somehow :wink:
    Life in the slow lane
Meet your Ambassadors

Categories

  • All Categories
  • 343.6K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.8K Work, Benefits & Business
  • 608.8K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards