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Cheap car insurance set to rise as cost of claims exceed premiums

Although women don't usually have a problem when it comes to getting cheap car insurance premiums, it seems that British motorists could be in for a shake up.

Fully comprehensive cover has already risen by 0.5% over the past three months to an average of £762 and it is thought that this is just the beginning.

Kevin Sinclair, AA Insurance managing director, has stated that the cost of claims to the motor insurance industry now exceeds the amount that they collect in premiums by 9%.

The growing competition of online car insurance providers and high street providers alike has so far kept prices fairly stable. But, the industry can only take so much strain and premiums are set to rise.

Lee-Anne Bass form CoverGirl, specialists in cheap car insurance for women, has this to add: "If you're a woman and you want to get hold of cheap car insurance, then try an online provider such as CoverGirl."

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Insure The Box Limited and ITB Services Limited are wholly owned subsidiaries of Box Innovation Group Limited which is incorporated in Gibraltar (Company Number: 106243) registered office: Montagu Pavilion, 8-10 Queensway, Gibraltar. Insure The Box Limited is incorporated in Gibraltar (Company Number: 102568) registered office: Montagu Pavilion, 8-10 Queensway, Gibraltar. ITB Services Limited is incorporated in the United Kingdom (Company Number: 6770929) registered office: 30 City Road, London EC1Y 2AB

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