In-depth: Driving through change
Brokers are split over whether motor premiums will increase in the next few years, but one certainty in the market is the increasing importance of technologies such as telematics
The car insurance market has been an unprofitable area for insurers for years, with fierce competition among its players.
But there is a small shimmer of light at the end of the tunnel, as motor premium rates slowly started turning upwards in the second half of 2014. In the fourth quarter of last year the AA British Insurance Premium Index reported an increase of 0.2% in motor rates (see box).
It is the first time since 2011 that prices have risen in two consecutive quarters and industry
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