All the updated news related to insurance premiums

All the news related to insurance premiums updated in real time

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Motoring News

Average car insurance premium rises by £51 year-on-year

The average car insurance premium has risen by £51 year-on-year in the second quarter of 2022, according to new research. Comparethemarket’s Premium Drivers research has found that the average annual motor premium now comes in at £704, compared with ...

22 Aug 2022 at 14:29

City

Direct Line to increase insurance premiums after profits halve

Direct Line has seen profits almost halve and warned that insurance premiums will be increased to match the soaring cost of claims. The insurer said supply chain disruption and unusually high used car prices have pushed up claims costs for ...

02 Aug 2022 at 16:12

Personal Finance

Insurance premium tax should be cut in Spring Statement, say brokers

Insurance premium tax (IPT) should be cut in next week’s Spring Statement to help encourage take-up of policies at a time when living costs are surging, brokers have urged. Insurance is an essential means of managing risk and building ...

17 Mar 2022 at 10:55

Motoring News

Motorists over 50 facing ‘steep’ rise in car insurance premiums

Drivers over the age of 50 are enduring significant increases in car insurance premiums, new figures have shown. Data released by Comparethemarket shows that the average premium for a driver aged between 50 and 64 was £320 in ...

22 Dec 2022 at 11:05

Motoring News

Average price of car insurance up 20 per cent

The average cost of car insurance is now £107 more expensive than it was 12 months ago, according to new data. Drivers taking out insurance in the first three months of 2023 would find it costing on average £637, some 20 per ...

26 Apr 2023 at 09:07

Motoring News

Car insurance rises by up to £105 year-on-year

Drivers have been hit with a £105 year-on-year increase in car insurance, according to new data. Details from Compare the Market show that the annual car insurance premium was up to £651 in March, representing a £105 or 19 ...

02 May 2023 at 09:33

Personal Finance

Relief should be given on tax that affects insurance costs say industry bodies

Relief on a tax which affects the cost of insurance should be granted to some sectors, a body representing brokers is urging. This relief could, for example, support people living in impaired high-rise cladded buildings ...

09 Mar 2023 at 18:40

Motoring News

Car insurance for young drivers rises by £594 year-on-year

The cost of car insurance for young drivers has soared by £594 in just a year, new research has found. The average premium now stands at £1,792, representing a significant year-on-year increase from the £1,198 drivers ...

18 Sept 2023 at 10:03

Motoring News

Car insurance premiums rise by more than £200

The cost of an average insurance premium has risen by more than £200 to an average of £743 in June, according to new research. It’s a 39 per cent increase on June 2022, while the average premium for young drivers ...

16 Aug 2023 at 09:28

Personal Finance

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). ...

31 Jan 2024 at 10:48

Motoring News

Drivers could save up to £65 per year on insurance by paying upfront

Motorists who pay for their insurance upfront rather than in monthly instalments could save up to £65 per year, new research has found. Paying upfront for a whole year’s insurance costs an average of £623, ...

15 Feb 2023 at 11:09

Motoring News

More than £47 million worth of car insurance claims rejected during second half of 2021

Over £47 million worth of motor insurance claims were rejected during the second half of 2021, new research has found. More than 14,000 motor insurance claims were rejected between July and December 2021, ...

11 Sept 2023 at 11:25

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