Car insurance prices spiral again as drivers demand urgent tax cuts

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Car insurance prices continue to rise with the latest data showing drivers were paying £157 more at the end of 2023 than the previous year.

Research from the Association of British Insurers (ABI) found that costs for insurers are up by 12 per cent as a result of record increases in the cost to pay claims.


This means motor cover was 25 per cent more expensive on average across the whole of 2023 than it was in 2022.

Between October 1 and December 31, 2023, the average premium paid…

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