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.
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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 average price paid for motor insurance jumped by 8% in the last three months of 2022, according to the Association of British Insurers (ABI).
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Motorists over 50 facing ‘steep’ rise in car insurance premiums
Drivers over the age of 50 are enduring significant increases in car insurance premiums, new figures have shown.
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Motor insurance policy fraud cases jump as households are squeezed by living costs
The number of fraudulent motor insurance applications being detected has jumped by 16% since last year, according to data from a major insurer.
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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.
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Average car insurance premium rises by £51 year-on-year
The average car insurance premium has risen by £51 year-on-year in the second quarter of 2022, according to new research.
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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 amount paid by motorists for insurance fell to its lowest level in more than six years in the first quarter of 2022, according to the Association of British Insurers (ABI).
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Insurance reforms have seen rapid acceleration in price of car premiums
The cost of car insurance is rapidly increasing following the introduction of reforms designed to stop the exploitation of repeat customers.
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Car insurance costs up for older drivers and in some parts of UK, figures show
Typical car insurance premiums started to rise for some age groups and in some parts of Britain towards the end of last year, analysis has found.
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Insurance renewals can no longer be more expensive than deals for new customers
From tomorrow, insurers will no longer be able to charge existing customers more to renew than they would charge new customers.
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Cost of car insurance fell by 9.4% in year to August
The average motor insurance premium plunged by 9.4% over the year to August, according to analysis.
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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.
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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.
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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.
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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.
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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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Vaping drivers could be fined and see insurers refuse to pay out over crashes
Drivers who vape at the wheel could land themselves in trouble with the law and risk having insurance claims rejected, according to safety experts and insurance brokers.
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