Motor premiums remained stable in Q1 – ABI
The average motor premium held steady in the first quarter of 2026 at £560, just 0.2% up on Q4 2025, the Association of British Insurers has calculated.
The trade body’s data showed year-on-year premiums fell 3.4% from Q1 2025.
According to the ABI, insurers paid out £2.9bn in motor claims in the first three months of the year. This included £1.9bn for vehicle repairs which was 3% more than the previous quarter.
It noted the average accidental damage claim increased to £3,699, an 8% hike compared to Q4 2025, as higher parts prices and increasing vehicle complexity pushed up repair costs.
RelatedFOIs reveal no brokers directly involved in motorOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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