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The average price of car insurance in the UK has broken records to stand at close to £1,000 after price rises of more than 50% last year, according to new data

736794

Financial Times

London

Greater London

England

United Kingdom

Average UK car insurance quote hits record £995

Inflation and repairs have sent quotes soaring for younger motorists, according to data.

Ad Fontes Media

All Sides

Media Bias/Fact Check

BBC News

Government of the United Kingdom

Young drivers face £3,000 cost for car insurance

It now costs nearly £3,000 on average for an 18-year-old to insure a car, according to Confused.com

The Independent

Evgeny Lebedev

Average car insurance cost in UK soars to record high

Confused.com says that prices have, on average, increased by 58% in the last 12 months

Wales Online

Reach plc

Wales

Highest average car insurance prices on record

UK drivers are paying almost £1,000 ($1,272) a year for their car insurance as the cost-of-living crisis continues to bite.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

British Motorists Pay £1,000 to Insure a Car as Costs Soar

UK car insurance costs increased the highest amount on record last year, according to a closely watched index. The average quoted price to insure a car jumped by 67.2 per cent in the year to November, beating a previous record of 61 per cent over the twelve months to August.  London remained the most costly place for a premium with a huge jump of 76.9 per cent, followed by the West Midlands and Scotland, which both increased 69.4 per cent. Nearl…

City AM

London drivers hit hardest as car insurance rockets to record high

Rise in prices comes after insurers register surge in cost of claims

Nikkei Inc.

Young drivers face huge increases as soaring costs help push up inflationThe average price of car insurance in the UK has broken records to stand at close to £1,000 after price rises of more than 50% last year, according to new data.Drivers can now expect to pay £995 for their car insurance, on average – the highest price ever in the UK – according to the latest index published by the price comparison website Confused.com. Continue reading...

Average car insurance cost in UK nears £1,000 after prices rise 58%

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