Admiral reduce premiums by 11%
Insuring your vehicle is a dear-do, and the competition in car insurance is hotter than ever. With that, Admiral (who also own Confused.com) have noticed that their sales are falling across the group.
There's been a 6% increase in customers, but a 7% fall in sales, so to keep some customers, and maybe win some more, Admiral have decided to reduce premiums by 11%.
Chief executive Henry Engelhardt said: “The UK car insurance market remains competitive and consumers continue to benefit."
"We continue to focus on customer service and retention and as a result we were pleased to grow customer numbers by 2 per cent in the quarter. Growth outside the UK remains strong and we are happy with the progress we are making."
It's a good time to switch if you're unhappy with your current package.
A recent report showed that, across the whole sector, premiums in the UK car insurance market fell by 19% in the first 3 months of 2014 compared with last year. Shop around and, if you're going to use a price comparison website, use more than one because some are owned by parent companies who make sure cheaper rivals don't appear in their results, ahem.