Motorists Foot The Bill For Personal Injury Claims

<h1>Motorists Foot The Bill For Personal Injury Claims </h1>Author: <a title="Adam Singleton" href="http://www.articlesbase.com/authors/adam-singleton/22952.htm">Adam Singleton</a> The cost of car insurance is set to rise steeply in 2009 as insurers struggle to meet the cost of a growing number of personal injury claims. As victims of road traffic accidents become increasingly proactive in seeking compensation, the driving community as a whole is beginning to feel the pinch. Figures released at the start of the year estimate that motorists are likely to see their premiums rise by somewhere between 10 to 11 per cent over the course of 2009. This comes on top of rises in 2008, which are calculated to have elevated the average cost of a policy to £486; a 9 per cent increase on the previous year. The escalating costs have in part been attributed to the increased price of fraud which is estimated to have inflated the average premium by nearly a fifth over the course of 2008. Another factor cited is the cost of accidents in which the other party was uninsured. In both instances, the financial burden is ultimately born by the drivers who pay their premiums, as the insurer inevitably passes on the extra cost. The biggest reason for the growing cost of premiums is, however, the vast increase in the number of personal injury claims filed during the course of the last few years. Insurers are finding themselves liable for huge medical cost and legal fees, resulting in hefty compensation payouts. The willingness of more and more law firms to undertake claim work under conditional fee terms, known colloquially as "no win, no fee" agreements, has meant that more people are in a position to instruct an <a href="http://www.takelegaladvice.com/news-and-information/legal-articles/Accidents-and-personal-injury/Using-a-personal-injury-lawyer/">injury lawyer</a> who is likely to win their case. Therefore, not only are the victims of driving related injuries more likely to pursue their claim, they now also have an increased chance of winning. As a result, insurers are finding themselves liable for both the value of compensation claims and the cost of the legal fees on both sides. The culture of pursuing personal injury claims has, therefore, become something of a double edged sword for motorists. It is reassuring to know that in the case of serious injury there are safety nets in place to ensure that financial costs and losses will be met. However, the flipside of this is that all motorists now find themselves facing an extra large bill in a year when the finances of many are already stretched.About the Author: Adam Singleton writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/cars-articles/motorists-foot-the-bill-for-personal-injury-claims--820243.html" title="Motorists Foot The Bill For Personal Injury Claims ">Motorists Foot The Bill For Personal Injury Claims </a>

The cost of car insurance is set to rise steeply in 2009 as insurers struggle to meet the cost of a growing number of personal injury claims. As victims of road traffic accidents become increasingly proactive in seeking compensation, the driving community as a whole is beginning to feel the pinch.

Figures released at the start of the year estimate that motorists are likely to see their premiums rise by somewhere between 10 to 11 per cent over the course of 2009. This comes on top of rises in 2008, which are calculated to have elevated the average cost of a policy to £486; a 9 per cent increase on the previous year.

The escalating costs have in part been attributed to the increased price of fraud which is estimated to have inflated the average premium by nearly a fifth over the course of 2008. Another factor cited is the cost of accidents in which the other party was uninsured. In both instances, the financial burden is ultimately born by the drivers who pay their premiums, as the insurer inevitably passes on the extra cost.

The biggest reason for the growing cost of premiums is, however, the vast increase in the number of personal injury claims filed during the course of the last few years. Insurers are finding themselves liable for huge medical cost and legal fees, resulting in hefty compensation payouts.

The willingness of more and more law firms to undertake claim work under conditional fee terms, known colloquially as "no win, no fee" agreements, has meant that more people are in a position to instruct an injury lawyer who is likely to win their case. Therefore, not only are the victims of driving related injuries more likely to pursue their claim, they now also have an increased chance of winning. As a result, insurers are finding themselves liable for both the value of compensation claims and the cost of the legal fees on both sides.

The culture of pursuing personal injury claims has, therefore, become something of a double edged sword for motorists. It is reassuring to know that in the case of serious injury there are safety nets in place to ensure that financial costs and losses will be met. However, the flipside of this is that all motorists now find themselves facing an extra large bill in a year when the finances of many are already stretched.

Adam Singleton writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

Rate this Article:

0 / 5 stars - 0 vote(s)

Re-Publish

Article Source: http://www.articlesbase.com/cars-articles/motorists-foot-the-bill-for-personal-injury-claims--820243.html

Article Tags: injury lawyer, personal injury claims, personal injury, claims, car insurance, insurance, rise in car insurance

Related Videos
Related Articles
Ask / Related Q&A

Play

What Can I do to Help my Case After an Accident?

Play

Learn about the Process for Personal Injury Cases

Play

Learn about Whiplash Symptoms

Play

Personal Injury Litigation

Play

Major Types of Insurance for Medical and Rehab

Latest Cars Articles
More from Adam Singleton

Five key tips for inner city driving

By: Phil Adams-Wright | 21/12/2009
If you work in or have taken a shopping trip into one of our countries major cities like London, Manchester or Liverpool, chances are you’ll have seen streets jam packed with cars, buses and lorries. You may be glad that you haven’t had to drive that day, but for many people driving in the city is a regular way of life. There are a lot of city drivers who may get stressed which can lead to lapses of concentration and accidents.

Great Gifts for the Golfer In Your Life

By: Dan Bodrero | 21/12/2009
What do you get for the avid golfer who has it all? At times, it can be difficult to come up with a gift idea for someone who loves golf so much, since they probably already have everything they want or need.

One Way Rental Cars – Why Is One Way Car Hire a Practical Choice?

By: David Patullo | 21/12/2009
If you are planning to move to another location, or if you simply need a one-way transport, then it would be practical to consider one way rental cars. The renting of vehicles for one way destinations are now common as it offers a solution to many people who simply need to go from one place to another without the need to go back to their original location.

National Rental Cars – Why People Like National Rental Cars

By: David Patullo | 21/12/2009
Have you ever thought about how quickly our lives can be fast forwarded and before we know it we are in the next year and time that we thought we had just slips us by. Because of this it becomes more and more important that there is a company that is able to provide people with what we need. National Rental Cars is a company that has always been there to support the average working person with their rental car needs.

National Car Rentals – Why People Like National Car Rentals

By: David Patullo | 21/12/2009
Keep in mind when you go on vacation or decide to take a little bit of a road trip you can always get national car rentals. It gives you the opportunity to drive a car that maybe under normal conditions you would not be able to normally drive. If you rent a car it can make you see and feel like a million dollars! Let’s say if you own a company and are going to meeting, why not use national car rentals and impress them (I am sure you will seal the deal).

Monthly Car Rental – Why People Like Monthly Car Rental

By: David Patullo | 21/12/2009
Some horrible things can happen to you while you are driving your car. I know it’s bad but things can happen, for example you could get into an accident. Hopefully no one will get injured but that always remains a possibility. Let’s say you parked your car outside of a friend’s house and went in to enjoy a night of festivities, you come back out and your car is totaled.

Minivan Car Rentals – Minivan Car Rentals Comes With Room For Everyone

By: David Patullo | 21/12/2009
Availing of a minivan car rental will give you a lot of comfort and safety on the road. Unlike some high-powered vehicles, the minivan is safe for bringing your kids in. The center of gravity for minivans is lower than most and the tendency for keeling over is minimized.

Luxury Rental Cars – Why People Like Luxury Rental Cars

By: David Patullo | 21/12/2009
If you are going to go on a vacation this holiday season wouldn’t you like to ride in style? I bet you can imagine it now, jumping out of that Civic and getting into that Mercedes S-Class. Well Guess What? You don’t have to buy it or lease it! You can just rent it.

How to Buy a House

By: Adam Singleton | 18/12/2009 | Real Estate
Buying a house can be one of the most stressful things you can do so, when house hunting, make sure you consider all your options before make an offer on your new home.

Save Money By Paying Close Attention

By: Adam Singleton | 18/12/2009 | Personal Finance
With a little extra attention you can find ways to improve your finances and your spending habits for the future.

Winter Wonderland: Enjoy a City Break this Christmas

By: Adam Singleton | 18/12/2009 | Travel Tips
For those seeking a white Christmas, or simply a winter break with proper snow, there’s a myriad of destinations worth disappearing to for a few days, with Sweden, Austria and the Czech Republic all ranking highly on the annual snow hit-list.

The Best Film Festivals in New York

By: Adam Singleton | 18/12/2009 | Travel Tips
If you’re looking for some film making inspiration then head to one of the many film festivals New York has to offer.

How Foster Care Helps

By: Adam Singleton | 18/12/2009 | Parenting
Foster carers throughout the United Kingdom help children in the greatest need by providing a temporary home and safe haven. Foster care benefits children and young adults in many ways so why not find out if you could get involved.

Cardiff: The Place to Visit in 2010

By: Adam Singleton | 18/12/2009 | Destinations
The amount of sporting and entertainment options on offer in Cardiff during 2010 will ensure that it will be the city to visit for many at the start of the new decade.

Four in One: Multifunction Printers and the Digital Revolution

By: Adam Singleton | 18/12/2009 | Hardware
Gutenberg’s work in the world of printing paved the way for global communication and what we now know as mass media. Today, digital printers carry out numerous tasks that help companies to cut costs and streamline their operations.

Driving a Hard Bargain: How to Make the Most of your Car Insurance

By: Adam Singleton | 17/12/2009 | Cars
Cars bring a great deal of freedom to people’s lives, but they create a lot of cost too, such as car insurance. The internet is probably the most useful tool any car-driving consumer has to identify the best value car insurance, and it pays to shop.