Motor premiums increase by just 1% in Q1 – ABI


Motor premiums rose by just 1% in the first quarter of 2024, however the average claim paid increased by 8% according to the Association of British Insurers.

The ABI Motor Insurance Tracker found the average comprehensive car insurance premium now sits at £635.


How much more prices are when compared with the previous peak at the end of 2017

Motor insurance has tracked very close to inflation over the long-term, according to the trad body. Prices, it calculated, are £8 (+1.3%) more when compared with the previous peak at the end of 2017, partly due to prices falling during the pandemic.

Over the same period, the end 2017 to now, costs for insurers to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: