Car premiums surge 19% in 2022
Comprehensive car insurance premiums increased sharply by 19% during the last 12 months, with UK motorists now paying £629 on average, according to the latest Car Insurance Price Index.
The research by aggregator Confused in association with broker WTW showed £100 had been added to the average bill during 2022. It is the biggest annual jump for six years.
The fourth quarter rise of 7% means motor premiums have risen for five quarters in a row. The three-month climb showed prices accelerating again given the uplift in the third quarter was 6%.
All regions across the UK recorded double-digit price rises for the full year.
Related Biggest annual rise in five years asOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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