UK car insurance premiums see biggest annual rise in over a decade
Car insurance premiums increased by £107 (20%) during the past 12 months, with motorists now on average paying £657, according to research from Confused and WTW.
The average cost of a comprehensive car insurance policy is now the most expensive it has been since 2011.
This is the sixth consecutive price rise, following an increase of 4% in the first quarter of 2023.
The data also showed that drivers aged 17-20 experienced the sharpest annual rise, with prices increasing more than £300.
Fast-paced inflation throughout the UK economy has driven up the costs insurers face in fulfilling claims. Tim Rourke, WTW
The rate of inflation in the UK has
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