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  1. Shared on: 11/07/2013 10:13 AMPosted by: moneypenny
    In the latest release of its monthly car insurance price monitor, Tiger.co.uk reports another drop in premiums and highlights the volatility for young drivers looking for motor insurance.

    (PRWEB UK) 11 July 2013

    Independent car insurance comparison site Tiger.co.uk has warned drivers receiving their insurance renewals not to simply accept the rates on offer, even if they show no increase compared to last year's price. Commenting on the release of the July 2013 "Tiger Watch" data, the result of the analysis of hundreds of quotes each month, Andrew Goulborn, the site's Commercial Director, advised motorists to shop around:

    "Even if renewal rates are offered at last year's prices we would strongly urge drivers to shop around to at least benchmark their renewal premium against other policies. Our data suggests that rates are down over 5% compared to a year ago in what is currently a very competitive market. With about 1 billion spent in the UK on car insurance each month, this equates to a potential 50 million of savings for British motorists in July alone!"

    "However we always ask our site users to consider the levels of cover provided by policies as well as the price in order to ensure that a genuine like-for-like comparison is being made. That's why we've invested a lot of time and effort to make sure that comparing policy details is as clear as possible on Tiger.co.uk."

    The Tiger Watch car insurance price monitor also shows continued volatility in young drivers car insurance pricing, with rates for young men continuing to plummet whilst premiums for 20 year old female motorists climb year-on-year by up to 28% as the December 2012 EU Gender Directive continues to bite.
     

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