Insurance analysts have reports there has been a sharp rise in the number of people that are making a personal injury claim after being involved in a road accident despite the fact that the actual number of road accidents has fallen by 11%. It is estimated that this costs the insurance industry an extra £400 million a year.
One of the reasons given the reduced number of accidents happening on the roads is the high cost of petrol which is resulting in less people travelling by car. When compared to previous years though, a higher number of people are making claims for injuries such as whiplash.
All of this of course is having an effect on the rising price of insurance!