Changes to compensation rules and rise in insurance premium tax blamed, as drivers pay £484 on average for annual policyThe cost of car insurance has soared by 11%, nearly four times the rate of inflation, over the past year, taking the cost of motor cover to a record high.UK drivers are paying an average £484 for an annual insurance policy, up£48 in the last 12 months, according to the Association of British Insurers. It laid much of the blame on changes to compensation rules and an increase in insurance premium tax. Continue reading…
Source : theguardian.com
Read more…Cost of car insurance in UK hits record high after 11% jump in 12 months















