Motor premiums rise 2.8% in Q1
Consumer Intelligence warned that telematics restrictions following coronavirus may hit youngest drivers hardest.
UK motor premiums have continued to rise, according to data published by Consumer Intelligence today (3 April).
Prices rose 2.8% over the last three months, contributing to a 5.5% increase in the last year.
The research firm said claims costs are “driving the continued upward trend”
It added that last year’s adjustment of the Ogden rate from -0.75% to -0.25% was also continuing to have an impact.
Age
The average car insurance premium now stands at £829.
While under 25s continue to pay the
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