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Tips on how to get cheaper car insurance as drivers face increased bills
The Association of British Insurers (ABI) is calling on the Government to urgently bring forward relief for motorists as it says cost of motor insurance rose to a record high in 2017.
The ABI’s Premium Tracker – the only market survey which measures prices consumers actually pay for their motor cover, rather than quotes – shows that in the fourth quarter of 2017 the average price paid for private comprehensive motor insurance was £493. It says this is the highest quarterly figure since ABI started collecting the data in 2012, up 6 percent on the same quarter 2016. It also reports that the average cost of motor cover has risen by 29 percent since 2014.
Rob Cummings, ABI’s Assistant Director, Head of Motor and Liability, said: “The rising cost of motor insurance shows no sign of abating. Changes to how compensation pay-outs are calculated, Insurance Premium Tax, more whiplash-style claims and rising repair bills are all piling on the pressure for cash-strapped drivers.
“The Government must urgently bring forward relief for motorists by introducing its reforms to create a fairer compensation system, and tackling low value whiplash style claims without delay, as well as freezing Insurance Premium Tax. It is time cash-strapped motorists got a break.” https://www.nottinghampost.com/news/uk-world-news/top-tips-cheaper-car-insurance-1163051