Why car insurance premiums are driving higher than UK inflation rates

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Why car insurance premiums are driving higher than UK inflation rates
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Inflation figures Office for National Statistics figures show that car insurance costs have been increasing at an accelerating rate alys_key explains what is going on and what can you do about it ⬇️

from the Association of British Insurers . Between January and March this year, the industry body recorded a 33 per cent spiking in the cost of vehicle repairs, putting the total cost to insurers at its highest level since the ABI began collecting data.

The actual price you will pay depends on who you are. As has always been the case, younger, less experienced drivers tend to get pricier deals on their insurance. Another tip is to read carefully what’s covered in your policy, in case there’s anything you don’t need any more that you are still paying for.

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