The Association of British Insurers (ABI) says it is exploring various ways to tackle the rising cost of motor cover.
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Average motor insurance premium £157 higher at end of 2023 than a year earlier
The average price paid for motor insurance in the final quarter of 2023 was around a third, or £157 in cash terms, higher compared with a year earlier, according to the Association of British Insurers (ABI).
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New report reveals drop in whiplash claims from drivers despite growth in motor claims
A new report from the Association of British Insurers (ABI) has revealed that although motor insurers paid out £2.4bn in motor claims in the first quarter of this year there are ‘early indications are that the whiplash reforms introduced in 2021 to create a simplified, fairer, more efficient, and cost-effective compensation system are having an impact’.
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The average price paid for motor insurance rose by 8% in the final months of 2022
The average price paid for motor insurance jumped by 8% in the last three months of 2022, according to the Association of British Insurers (ABI).
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Motor insurance price falls to the lowest level since 2015
The amount paid by motorists for insurance fell to its lowest level in more than six years in the first quarter of 2022, according to the Association of British Insurers (ABI).
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Car Insurance Companies Payout every 8 minutes with car crime continues to rise in 2019
Figures released by the Association of British Insurers (ABI) show that the number of motor theft claims paid by insurers in the first quarter of this year were at their highest for any quarter since 2012, with a payment made to a car crime victim every 8 minutes.
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Insurers paid out £1m a day in vehicle theft payouts
A surge in vehicle thefts, including keyless car crime, has led to motor insurers paying out a record £1 million every day according to figures published by the Association of British Insurers.
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Cost of car insurance fell in 2018 for first time in four years
The cost of car insurance fell last year for the first calendar year since 2014, according to figures released by the Association of British Insurers (ABI).
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Insurers pay out record amounts thanks to tech and thefts
Data from the Association of British Insurers (ABI) shows that insurers paid out a total of £6.4 billion to private motorists and personal injury claimants during the first nine months of 2018.
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