Articles
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Increased cost of materials and labour continue to push up price of motor insurance
08/11/2023
In the third quarter of 2023, the average price of motor insurance was a record £561. Our data shows this was an increase of 29% compared to the same time last year.
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Luton Airport Car Park Fire - Update and FAQs
27/10/2023
Updated statement including our response to frequently asked questions about the fire at a car park at Luton Airport.
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Luton Airport Car Park Fire
11/10/2023
Responding to the news of a car park fire at Luton Airport, we offer advice to those affected and explain what motor insurance will cover.
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Record motor insurance payouts to keep drivers mobile
05/09/2023
Motor insurers paid out £2.5 billion in motor claims in the second quarter of 2023, up 29% on the £2 billion paid in the same quarter in 2022 according to latest ABI data published today.
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Sustained cost pressures push the average price of motor insurance to a record high
11/08/2023
The average price paid for motor insurance in the second quarter of 2023 continued its upward trend. Our latest Motor Insurance Premium Tracker shows insurers are battling with sustained cost pressures, such as a 33% rise in vehicle repair costs.
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Keeping motorists mobile - motor insurers payouts up 14% over the last year
09/06/2023
Motor insurers paid out £2.4 billion in motor claims in the first quarter of this year, up 14% on the same quarter last year according to our latest data.
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NEW: Motor Insurance Premium Tracker
11/05/2023
Above inflation costs for insurers puts pressure on motor insurance premiums
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Cost of living boost for millions of households as the average price of home insurance falls to lowest since records began
15/02/2023
Despite a year of turbulent weather in 2022 causing damage to many homes, the average price paid for home insurance fell to its lowest since the ABI started collecting the data back in 2012, according to the ABI’s latest Household Insurance Premium Tracker.
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Rising cost pressures push up the price of motor insurance
03/02/2023
The average price paid for motor insurance rose by 8% in the fourth quarter of last year according to the ABI’s latest Motor Insurance Premium Tracker.
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Sustained cost pressures for motor insurers biting, but motor insurance remains competitive
02/12/2022
The average price paid by motorists for their motor insurance has risen only marginally by 2% over the last year despite sustained rising cost pressures faced by insurers according to the ABI’s latest Motor Insurance Premium Tracker published today.
