Low car insurance available in FUTURE !!!!!!!!

Lower car insurance premiums ahead, says Direct Line

 

According to a Stock investing company, Direct Line, there is a good news for those who are expecting to buy a car in future.According to them we can expect cheaper car insurance in future.

Announcing the insurer’s first-quarter figures since it was spun out of Royal Bank of Scotland in October, chief executive Paul Geddes said that the implementation of motor legal reforms should result in cuts in the cost of cover, particularly for younger drivers which at present are forced to pay a hefty premium.

One of the reason behind it is the continuously falling car sales figure around the world .  Experts are calming that the figure will rise back .

Motor insurers are being forced to contend with some of the toughest market conditions in recent years.
Not only are the insurers facing a probe by the Competition Commission, but their profits have also been hit by the loss of lucrative referral fees from third parties while price comparison sites continue to drive down prices.
Despite all of this, Direct Line said its combined ratio improved to 98 per cent during the period, compared with 104.5 per cent last year.
This effectively means that it made an underwriting profit rather than a loss.