Motor premiums rise 2.8% in Q1

car

UK motor premiums have continued to rise, according to data published by Consumer Intelligence today (3 April).

Prices rose 2.8% over the last three months, contributing to a 5.5% increase in the last year.

The research firm said claims costs are “driving the continued upward trend”

It added that last year’s adjustment of the Ogden rate from -0.75% to -0.25% was also continuing to have an impact.

Age
The average car insurance premium now stands at £829.

While under 25s continue to pay the

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