The cost of car insurance has hit an all-time high. The Association of British Insurers (ABI) found that levels rose at more than five times the rate of inflation during 2016, as a result of growing tax costs, repair rates and a rise in whiplash claims.
The three reasons sent the average comprehensive policy to £462 in the last quarter, a rise by 4.9%.
The 3 car insurance culprits: why are premiums increasing?
Young drivers are expected to see the brunt of the rise - in cases where they pay more than treble the cost than their older peers, could there be a rise in uninsured driving?
Beat the costs
Are you one to auto-renew? Curb your policy costs and find a new quote with our car insurance comparison tool!
Or beat the hikes with our practical 1-minute guide to cutting the cost of your car.
Last updated: Wednesday, 15 February 2017
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