UK car insurance prices have surged due to rising repair costs and inflation. However, the increase may be influenced by factors beyond inflation alone. #britishinsurancenews #insurancenewsupdates #insurance #carinsurancepricericing #carinsurance #repaircostrice #carrepaircost https://lnkd.in/exFNeSEt
British Insurance News’ Post
More Relevant Posts
-
Motor premiums have dropped by almost 10% over the past six months according to Pearson Ham Group’s general insurance price index. As of September 2024, motor insurance prices are 8.5% lower than those recorded 12 months ago. Despite these recent drops, prices are still nearly 30% higher than pre-pandemic levels. It is anticipated that motor insurance prices will continue to drop, offering much needed relief to vehicle owners in the UK. Read more analysis from Insurance Business UK here: https://lnkd.in/eGp2uYPr Follow Bridgetech Group to keep up to date with industry news and visit our website for information on the services that we offer: www.bridgetechgroup.co.uk. #InsuranceIndustry #MotorInsuranceUK #InsurancePremiums
-
-
Motor premiums have dropped by almost 10% over the past six months according to Pearson Ham Group’s general insurance price index. As of September 2024, motor insurance prices are 8.5% lower than those recorded 12 months ago. Despite these recent drops, prices are still nearly 30% higher than pre-pandemic levels. It is anticipated that motor insurance prices will continue to drop, offering much needed relief to vehicle owners in the UK. Read more analysis from Insurance Business UK here: https://lnkd.in/eGp2uYPr Follow us to keep up to date with motor insurance news and visit our website for information on the innovative services that we offer: https://lnkd.in/gTu_VEtW. #InsuranceIndustry #MotorInsuranceUK #InsurancePremiums
-
-
The worst of the motor insurance price hikes could be over, despite quotes jumping by around a third over the past year, according to an index. The average quoted price of car insurance increased by 34% in the year to May, insights firm Consumer Intelligence said. But the worst could be over, with average quotes falling by 1.3% in the three months to May, marking the first time since the last three months of 2021 that there had been a quarterly fall in prices. Read more analysis from Yahoo here: https://lnkd.in/esduBpNJ #CarInsurance #InsuranceQuote
-
-
Data suggests that car insurance prices in the UK are finally exhibiting signs of diminishing after a period of steady ascent. Analysis conducted by Compare the Market indicates that in February, the average motor insurance premium climbed to £892, showcasing a substantial year-on-year increase of 46% or £279. Despite this, the comparison site underscores a positive trend, observing a consistent month-on-month reduction since November 2023, when prices peaked at £951. Furthermore, findings from Consumer Intelligence demonstrate a decrease in premiums since December, notwithstanding a notable nearly 60% surge over the preceding ten months. As you approach your next insurance renewal, it's advisable to remain vigilant... 🚗 . . #InsuranceClaim #CarInsurance #InsurancePremium #CostOfLiving #Inflation
-
-
Data suggests that car insurance prices in the UK are finally exhibiting signs of diminishing after a period of steady ascent. Analysis conducted by Compare the Market indicates that in February, the average motor insurance premium climbed to £892, showcasing a substantial year-on-year increase of 46% or £279. Despite this, the comparison site underscores a positive trend, observing a consistent month-on-month reduction since November 2023, when prices peaked at £951. Furthermore, findings from Consumer Intelligence demonstrate a decrease in premiums since December, notwithstanding a notable nearly 60% surge over the preceding ten months. As you approach your next insurance renewal, it's advisable to remain vigilant... 🚗 . . #InsuranceClaim #CarInsurance #InsurancePremium #CostOfLiving #Inflation
-
-
Car insurance rates can sometimes feel like a mystery, with premiums seemingly increasing without any obvious reason. However, there are various factors that can contribute to these rises. Understanding these factors can help drivers make informed decisions and potentially mitigate the impact on their wallets. Read the blog post: https://conta.cc/3xKIfym #CarInsurance #InsuranceRates #RisingPremiums #InsuranceEducation #BlueCanyonInsurance
-
