Motor premium drop starts to stabilise
For the first time in over a year, the cost of car insurance has increased in some UK regions while the average premium has now reached £782, Consumer Intelligence reported.
Following an 8,4% premium drop year-on-year, data analysis from Consumer Intelligence revealed that the average motor premium in the UK is now £782, up from £732 in summer 2021.
As dual pricing rules have come into force, Consumer Intelligence pricing experts noted that the direction of travel for the cost of car insurance may be about to change after months of contraction brought on by the pandemic.
Evolution
The company highlighted that premiums have edged downwards by only 0.6% in the last
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