Motor premium prices slip but payouts stay at record level in Q3 – ABI
The average motor insurance premium fell slightly to £562 in the third quarter of the year, £4 lower than the period before, the Association of British Insurers has calculated.
The new figures came as the trade body revealed motor insurers paid out £3.2bn in Q3, staying at the record level hit in Q2 and 8% higher than a year ago.
The average claim in July to September was £4,900 – a 1% increase year-on-year.
This July, EY forecast UK motor insurers will report losses in 2026, with a market-wide net combined ratio of 108%, a deterioration on 2025.
The weaker outlook is being driven primarily by premium rate reductions since late 2024, which are now feeding through to
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