Young drivers see a £160 average drop in their car insurance premiums – study
Year-on-year figures show that young motorists now pay £1,769 on average for car insurance.
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Surge in motor premiums fuels spike in uninsured drivers – analysis
The number of young motorists punished for uninsured driving more than doubled in two years amid a spike in premiums, according to new analysis.
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Insurers announce action to tackle rising cost of motor cover
The Association of British Insurers (ABI) says it is exploring various ways to tackle the rising cost of motor cover.
Average motor insurance premium £157 higher at end of 2023 than a year earlier
The average price paid for motor insurance in the final quarter of 2023 was around a third, or £157 in cash terms, higher compared with a year earlier, according to the Association of British Insurers (ABI).
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The average price paid for motor insurance rose by 8% in the final months of 2022
The typical premium paid for private motor insurance was £470, up by 8% on the previous quarter.
Motorists over 50 facing ‘steep’ rise in car insurance premiums
Data released by Comparethemarket shows that the average premium for a driver aged between 50 and 64 was £320 in November 2022 – a £45 increase on the same month in 2021.
Motor insurance policy fraud cases jump as households are squeezed by living costs
Aviva blocked more than 23,300 fraudulent or suspect motor insurance applications during the first 10 months of 2022, compared with just over 20,000 at the same point last year.
Drivers with keyless vehicles ‘twice as likely to make a theft claim’
Motorists with keyless vehicles are around twice as likely to make a theft claim as those with vehicles which are not keyless, according to an insurer’s analysis of claims data covering the past two years.
Average car insurance premium rises by £51 year-on-year
Comparethemarket’s Premium Drivers research has found that the average annual motor premium now comes in at £704, compared with £653 in the same three-month period in 2021.
Motor insurers ‘facing challenges from rising costs and supply chain issues’
Motor insurers are facing pressures from rising costs and supply chain challenges, which may also mean some drivers waiting for longer for vehicle repairs.
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Motor insurance price falls to the lowest level since 2015
The average price paid for comprehensive motor insurance in the first quarter of the year was £416.
Insurance reforms have seen rapid acceleration in price of car premiums
At the start of 2022, new rules were put in place to stop insurers charging higher prices to loyal customers who automatically renewed their premiums each year, with discounts only offered to new customers.
Car insurance costs up for older drivers and in some parts of UK, figures show
Overall, the average cost edged downwards by 0.6% between August and November 2021, to reach £782, according to Consumer Intelligence.
Insurance renewals can no longer be more expensive than deals for new customers
The new rules are being brought in by the Financial Conduct Authority (FCA) and are expected to save consumers £4.2 billion over the next 10 years.
Cost of car insurance fell by 9.4% in year to August
The average motor premium now stands at £751, with over a quarter (27%) of the cheapest insurance quotes now coming from telematics firms, Consumer Intelligence said. This is the highest proportion since it started collecting data in 2013.
Higher insurance premiums for loyal customers banned by regulator
New rules are to be introduced to stop car and home insurers from imposing so-called loyalty penalties on customers, the financial watchdog has announced.
Waiting until last day to switch car insurance ‘can ramp up cost of policy’
Motorists could typically save more than £300 by switching their car insurance three weeks before their existing policy is due to end, rather than waiting until the last day, analysis suggests.
Car insurance myths could see millions of drivers risk fines
Drivers across the UK could be risking fines, points on their licence or higher premiums by falling for car insurance myths, according to new research.
Average car insurance premium increases to £809
The average price of car insurance premiums has risen by around £47 per year to £809, according to data from Confused.com.
More than 500 ‘ghost broker’ scam insurance firms shut down
Direct Line says it has taken action to have 500 “ghost brokers” – unregistered firms claiming to sell insurance – shut down.
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