Rocketing motor premiums put telematics back on the agenda

Cars stuck in M25 traffic jam

Two reports by the AA and Confused.com/Towers Watson have revealed that motor insurance premiums shot up by 40% in the past year. The AA’s Shoparound index of the average of three quotes for a customer recorded a 40.1% rise to £892 in the 12 months to the end of March for annual comprehensive cover while Confused said that the rate of price inflation was 35.7%.

The rapid rises have raised the question of whether consumers will return to brokers for cheaper premiums and in particular if the much-