Tuesday, 18 July 2017

Cost of car insurance in UK hits record high after 11% jump in 12 months

New article from your news rule in Inoreader
Via Network Front | The Guardian by Julia Kollewe

Changes to compensation rules and rise in insurance premium tax blamed, as drivers pay £484 on average for annual policy

The cost of car insurance has soared by 11%, nearly four times the rate of inflation, over the past year, taking the cost of motor cover to a record high.

UK drivers are paying an average £484 for an annual insurance policy, up£48 in the last 12 months, according to the Association of British Insurers. It laid much of the blame on changes to compensation rules and an increase in insurance premium tax.

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