Cost of in­sur­ing cars goes up again

Rutherglen Reformer - - Motors - Re­forms help

The av­er­age price paid by mo­torists for an an­nual com­pre­hen­sive mo­tor in­sur­ance pol­icy rose by 2.1% in the sec­ond quar­ter of 2015 com­pared with the pre­vi­ous quar­ter, ac­cord­ing to fig­ures re­leased to­day by the As­so­ci­a­tion of Bri­tish In­sur­ers ( ABI). The ABI’s Quar­terly Av­er­age Pri­vate Com­pre­hen­sive Mo­tor In­sur­ance Pre­mium Tracker shows an av­er­age pre­mium of £367 for the three months of April, May and June, up from £359.

The year-on-year in­crease com­pared with the sec­ond quar­ter of 2014, when the av­er­age pre­mium was £356, is 2.9%.

Av­er­age premi­ums re­main lower than they were in the sec­ond quar­ter of 2013 (£377) when the Gov­ern­ment in­tro­duced re­forms to the civil jus­tice sys­tem in­clud­ing a re­duc­tion in fixed le­gal fees for per­sonal in­jury claims. Since the re­forms in­sur­ers have passed £ 1.1bil­lion of sav­ings onto mo­torists.

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