Warning for motorists that auto renewing your car insurance could prove costly. For instance renewing your car insurance with Morethan could see you pay as much as 42% more than last year, even if you have not been involved in an accident that was your fault.

Whilst motorists understand that if you are involved in an accident that is your fault then your insurance premium will rise at time of renewal. However, what many may not beware of is that some insurers such as Morethan will seek to penalise innocent NO FAULT motorists by hiking premiums by nearly 50%! This despite the fact that the insurer will have been fully reimbursed for costs incurred in the handling any claim. Effectively the same hike in premium as if the motorist had been at fault. So motorists really need to choose their insurance company wisely else face being hit with an extortionate price hike!

So all motorists should consider the risks of premium price hikes when selecting insurance companies. That and the insurance companies level of competency in handling of any claim which Morethan has been found somewhat lacking in terms of quality of service provided as the following video illustrates:

Motorists are literally being taken for a ride by many car insurance companies that make a mockery of the no claims bonus system which supposedly for a fee can be protected. Unfortunately as Morethan once more illustrates paying extra by protecting no claims will not stop premiums from going up.

No Claim Bonus Protection does not protect the overall price of your insurance policy. The price of your insurance policy may increase following an accident even if you were not at fault.

The bottom line is that where insurance companies are concerned loyalty does not pay, which is why motorists need to at the very least enter their details into price comparison sites for alternative quotes at time of renewal, else risk paying the price in terms of extortionate hikes in car insurance premiums even if they have not been involved in an at fault accident.

Nadeem Walayat

http://www.marketoracle.co.uk

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