Car insurance premiums ‘jump by £110’

Drivers saw their car insurance premiums rise by an average of £110 in the last year, a comparison site says. More expensive repairs and recent government changes to injury payouts pushed up annual insurance costs by 16%, according to Confused.com. It found drivers paid on average £781 on comparison sites for a comprehensive policy in the year to March 2017. Average premiums are set to rise to a record high and could pass £1,000 next year, it added. Newer vehicles have seen some of the biggest rises, because their increasingly…

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Car insurance premiums at highest level ever, say insurers

Car insurance premiums have hit their highest recorded levels ever and rose at more than five times the rate of inflation during 2016, according to the Association of British Insurers. Increases to insurance premium tax, increased repair costs and the rising costs of whiplash claims all conspired to send the average comprehensive policy to £462 in the last quarter. The ABI’s motor premium tracker, which measures the prices consumers actually pay for their motor cover, showed that in the fourth quarter of 2016 policies rose by 4.9% or £22 on…

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