The Association of British Insurers (ABI) found that the average price of motor insurance in Q2 increased by £1 since Q1 to £467. A contrast with the previous quarter which saw a £15 fall in premiums.
This time last year the ABI index showed cost of cover fell by £10 per policy.
The body discovered that repair costs are rising, findings which were hinted at in April this year, leading to higher premiums. They reached £1.2bn in Q1 of this year, the highest quarterly figure since 2013, when it
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