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Car insurance premiums rising at fastest ever rate
The insurance industry has warned that drivers are contending with the fastest year-on-year rise in premiums since records began. The Association of British Insurers (ABI) say that the average car insurance premium has risen by 11 per cent over...
Car insurance premiums soar 20 per cent in last two years
The average annual car insurance cover is £562 according to figures from MoneySuperMarket, representing a 20 per cent increase over two years. Between April and June in 2015, the average premium cost £474, before rising to £511 in...
£90 rise in car insurance premiums in the last year
New research shows that the average car insurance premium has risen by £90 to around £666 a year. This represents an increase of around 15 per cent when compared to the average price a year ago, and is five times the rate of inflation...
New UK insurance firm Gryphon raises 180m GBP investment
A British start-up insurance company, Gryphon, has managed to raise £180m from investors, and is set to become one of the industry's biggest new entrants in the last few years. If talks with regulators results in a full approval to operate,...
Tax rise sees insurance premiums increase
Insurers have warned of rising premiums following a tax rise that has recently come into force. The rate of Insurance Premium Tax (IPT) has risen from 10 per cent to 12 per cent, with these changes impacting home, pet, health and motor insurance....
Cyber insurance set to rise following worldwide attack
There is a belief that the cyber-insurance market could see a dramatic rise following the recent worldwide cyber-attack. Figures from insurer Munich Re suggest that the market for cyber protection could triple by 2020, to a value of around...
Car insurance premiums for Direct Line customers rise nearly 7 per cent
Insurance company Direct Line charged motorists 6.6 per cent more on average for their car insurance during the first three months of 2017, compared to the same period last year. The increase is being partly blamed on the government changing how...
UK car insurance premiums rose 8 per cent in the past year
Car insurance in the UK rose 8 per cent on average to £462 in the past year, the Association of British Insurers (ABI) has revealed. The £34 increase means that the current average premium for motorists is the highest it has been since...