{"id":36044,"date":"2016-11-26T14:00:25","date_gmt":"2016-11-26T07:00:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-premiums-to-rise-to-600-after-tax-hike\/"},"modified":"2016-11-26T14:20:16","modified_gmt":"2016-11-26T07:20:16","slug":"car-insurance-premiums-to-rise-to-600-after-tax-hike","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-premiums-to-rise-to-600-after-tax-hike\/","title":{"rendered":"Car insurance premiums to rise to \u00a3600 after tax hike"},"content":{"rendered":"


\nAA warns of soaring costs from June following autumn statement announcementCar insurance premiums are set to break through the \u00a3600 barrier for the first time next year as insurers pass on higher costs and this week\u2019s premium tax hike, experts are warning. On Wednesday the chancellor, Philip Hammond, announced he is to increase insurance premium tax (IPT) from 10% to 12% from June.This means drivers, now typically paying around \u00a350 a year to the Treasury when they insure their car, will see it rise to above \u00a360. Some young drivers could have to pay more than \u00a3250 just in the IPT part of their premium, according to comparison site GoCompare. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Car insurance premiums to rise to \u00a3600 after tax hike<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

AA warns of soaring costs from June following autumn statement announcementCar insurance premiums are set...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-36044","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9nm","jetpack-related-posts":[{"id":56280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-in-uk-hits-record-high-as-tax-rate-on-premiums-increases\/","url_meta":{"origin":36044,"position":0},"title":"Car insurance in UK hits record high as tax rate on premiums increases","date":"May 29, 2017","format":false,"excerpt":"\r IPT moves from 10% to 12% on 1 June, while average policy reaches \u00a3800, says price comparison site The average cost of car insurance will hit a record high as a higher rate of tax on premiums comes into effect, pushingup prices even further.According to comparison website comparethemarket.com, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/insurers-fear-tax-rise-in-raid-on-the-responsible\/","url_meta":{"origin":36044,"position":1},"title":"Insurers fear tax rise in 'raid on the responsible'","date":"November 20, 2017","format":false,"excerpt":"\r Association of British Insurers says chancellor should resist further increases to insurance premium tax, which has doubled since 2015 The government is being urged to avoid \u201cpenalising\u201d families and businesses with another hike in the tax on insurance policies, amid speculation that Philip Hammond may be planning a fresh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/insurance-premium-tax-is-increased-again-in-autumn-statement\/","url_meta":{"origin":36044,"position":2},"title":"Insurance premium tax is increased again in autumn statement","date":"November 23, 2016","format":false,"excerpt":"\r Chancellor\u2019s move is branded a \u2018hammer blow for the hard-pressed\u2019, with young drivers and those in London expected to be hardest hitInsurers and motoring groups have reacted with fury to the government\u2019s announcement that insurance premium tax (IPT) will rise to 12% from June next year. The tax, which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-premiums-at-highest-level-ever-say-insurers\/","url_meta":{"origin":36044,"position":3},"title":"Car insurance premiums at highest level ever, say insurers","date":"February 3, 2017","format":false,"excerpt":"\r Association blames whiplash claims, repair bills and rise in insurance premium tax for rise at more than five times rate of inflationCar insurance premiums have hit their highest recorded levels ever and rose at more than five times the rate of inflation during 2016, according to the Association of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hiscox-weathers-storm-katie-and-insurance-tax-hike-as-premiums-rise-10pc\/","url_meta":{"origin":36044,"position":4},"title":"Hiscox weathers Storm Katie and insurance tax hike as premiums rise 10pc","date":"May 10, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Hiscox weathers Storm Katie and insurance tax hike as premiums rise 10pc","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-car-insurance-premiums-up-8-in-a-year\/","url_meta":{"origin":36044,"position":5},"title":"Average UK car insurance premiums up 8% in a year","date":"April 21, 2017","format":false,"excerpt":"\r Association of British Insurers says typical cover is now \u00a3462 as whiplash claims and tax hikes hit motorists hardHigher taxes and whiplash claims have pushed the average car insurance premium up by 8% over the last year, adding \u00a334 to the average annual cost for drivers, according to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36044"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=36044"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36044\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=36044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=36044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=36044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}