Average car insurance cost in UK nears £1,000 after prices rise 58%
- Young drivers are facing the highest car insurance costs on record, with average premiums for 17-20-year-olds rising by more than £1,000 from last year.
- Overall, drivers are paying 58% more on car insurance compared to last January, with average price rises reaching £995.
- The surge in insurance costs has led to concerns about younger drivers being pushed towards alternative transportation options.
7 Articles
7 Articles
London drivers hit hardest as car insurance rockets to record high
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…
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