Car Insurance - Islington forks out the highest car insurance bill in the UK - 03/04/2008
|
|
Residents in the London Borough of Islington are paying the largest premiums in car insurance. According to a recent survey conducted by actuarial consultancy EMB, the average annual premium paid for car insurance stands at £745 a year. Despite Islington’s reputation for being an affluent area in London, theft is a huge problem in the borough. People living there are paying double the amount that residents in South Cambridgeshire are paying, where premiums are at their lowest in the country. Karl Murphy, a partner at EMB, said: “Insurance premiums are typically higher in cities than rural areas because of the combination of high crime and unemployment rates. “About half of a contents premium will be based on the likelihood of theft. Quite simply, Islington has a high density of young, unemployed males and it is this section of the population that is most likely to commit crimes against property and motors.” |