Cost of motor cover falls says ABI
Association’s Premium Tracker says that actual cost of cover dropped despite an average rise in premium paid in Q4 last year compared to Q3.
The cost of motor insurance fell in 2018, the first calendar year fall since 2014, according to the Association of British Insurers’ (ABI) latest Motor Premium Tracker published today (24 January).
According to the association, the fall came despite a rise in the average premium paid in quarter four last year over the previous quarter, in line with the seasonal trend.
The ABI figures showed:
The average price paid for motor insurance in 2018 was £477, down 1% on the previous year. In lineOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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