ABI reveals plan to reduce motor insurance cost

M25 traffic

Lifting the Bonnet report outlines five key points to tackle higher insurance premiums including capping IPT.

The Association of British Insurers (ABI) has published a report outlining five key ways for motor insurance to be reduced.

The Lifting the Bonnet report also highlights what the motor insurance premium pays for, and steps to take to help reduce the cost of cover.

The ABI's five point plan calls for:

• Further reforms to the personal injury compensation system. While further plans to stem frivolous and exaggerated personal injury claims have stalled, with the number of soft tissue injuries

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