Motor premiums see biggest drop since 2014
The pandemic along with pricing action needed to meet the FCA's crackdown on dual pricing is expected to cause continued uncertainty in the motor market, according to Confused/Willis Towers Watson.
Comprehensive car insurance premiums have fallen by 14% (£87) since the first quarter of 2020, according to the latest Confused/Willis Towers Watson car insurance price index.
This is the biggest annual drop since 2014 and the fourth largest decrease in 15 years since the index was launched in 2006.
According to the index, premiums are now the cheapest they have been since 2015, after falling by 7% (£37) in the first quarter of 2021.
It is predicted that the pandemic along with the pricing
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