29
Average car insurance cost in UK nears £1,000 after prices rise 58%
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Jan 2024
29 points (93.9% liked)
United Kingdom
4089 readers
154 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
This is the best summary I could come up with:
The staggering rise in the cost of car insurance was been one of the big drivers of inflation, which last year hit a 40-year high.
The site, in conjunction with the data firm WTW, compared more than 6m car insurance quotes, and averaged the five cheapest sums to come up with its index.
All drivers up to the age of 43 can expect to pay £1,000 or more for their car insurance, on average, the study said.
In August, Admiral announced it had raised prices by 20% during the first half of the year in response to high inflation and repair costs.
Louise Thomas, a motoring expert at Confused.com, said: “Like a lot of our expenses, car insurance is getting more costly.
Things like increasing security, reviewing how many miles you drive or adjusting your excess could bring your overall cost down.
The original article contains 491 words, the summary contains 142 words. Saved 71%. I'm a bot and I'm open source!