Motor insurance pay-outs soar to record levels
ABI data shows that the cost of theft claims has surged by 32% to £271m in the first nine months of 2018.
Motor insurance pay-outs have reached record levels this year with more than £23m being paid every day, according to research by the Association of British Insurers (ABI).
In the first nine months of 2018, a total of £6.4bn was paid out to private motorists and in compensation to crash victims, highlighted the data.
This was an increase of 4% on the previous year.
Theft
The data on pay-outs, which cover theft, own vehicle and third-party property damage, as well as personal injury
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