Average Car Insurance In The Uk Now Over £500

Hymie | 11:07 Fri 11th Aug 2023 | Business & Finance

24 Answers

In this BBC report, based on 28 million policies, the average price was £511.

The report also states that the insurers paid out a total of £2.4 billion.

Well 28 million policies at an average of £511 works out at a total of £14.3 billion – so the motor insurance industry pocketed nearly 12 billion; or as a percentage of income, they paid out less than 20%.
What a rip off.

https://www.bbc.co.uk/news/business-66466626

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Excellent news Brainiac.

Care to explain that one Hymie?

What we have here is Hymie's classic technique of picking a couple of numbers to support a pre determined view of something. Sound familiar?

My insurance has increased by £166 since last August. How can they justify such a large increase? Looking like a trip to a comparison website.

youngmafbog, fiver is nothing, who are you with.. i have never made a claim so?

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