Compensation claim news
13/05/2008

Insurance costs rise for no win no fee compensation claim costs


This weekend's Independent on Sunday featured a story in which no win, no fee compensation claim solicitors were blamed, in part, for motor insurance premium hikes.

The UK website MoneyExpert.com has calculated an average 6 per cent rise in the past year, and suggests that a rise of double that may be expected over the next year. They place the blame on the increased costs that a car crash may now result in if a personal injury claim is made for whiplash, broken bones or similar.

The site suggests that insurance companies are passing the increased car accident costs along to their customers. A rival site, USwitch, also claimed that rising petrol costs may also be pricing many motorists off the road.

The USwitch spokesperson's comments are equally applicable both to the petrol story and to the one about no win no fee compensation claim lawyers: "As a direct result of these price hikes, it would be no surprise to see more motorists leaving their car at home and using other methods of transport.

"However, drivers who are reliant on their cars for business or who live in remote areas will be hardest hit. For them, leaving the car at home is not an option."

 

 

 
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*Where replacement vehicle costs can be recovered from the insurance company of the person who caused the accident. Where this person is untraceable or uninsured, or where there is a dispute over liability, a replacement vehicle cannot be provided.