Why has car insurance gone up? Reason for 2023 increase as renewal costs rise 34% and how to get lower quotes

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  • Why has car insurance gone up? Reason for 2023 increase as renewal costs rise 34% and how to get lower quotes

As the cost of living continues to increase across the board, car insurance has become the latest headache for households, the latest figures reveal.

The cost of renewing motor policies has grown by more than a third over the past year, according to data collected by market researcher Consumer Intelligence.

This is in part due to the ongoing fallout from the pandemic and the resulting disruption on supply chains, which have pushed up demand for vehicles and pushed prices higher.

How…

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