United Kingdom
General community for news/discussion in the UK.
Less serious posts should go in [email protected] or [email protected]
More serious politics should go in [email protected].
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
view the rest of the comments
This is the best summary I could come up with:
Admiral hiked prices by 20% during the first half of the year in response to high inflation and repair costs.
Matt Britzman, equity analyst at Hargreaves Lansdown, said: "The bad news for consumers is that car insurance is now another inflated cost to try and manage as part of the ever-increasing pressures on income.
But for Admiral, that's a loss worth taking as maintaining profitable insurance contracts is key, even if it means losing a few customers along the way."
According to an analysis of 28 million policies by the Association of British Insurers (ABI), the average premium across the industry in the three months to the end of June was £511 - 21% higher than the same period last year.
Paint and material costs have increased by nearly 16%, with the average price of second-hand cars rising 19%, it found.
Mr Britzman said Admiral had been increasing its prices ahead of its competitors but now the rest of the market had caught up, which should help "soften the number of customers leaving the firm".
I'm a bot and I'm open source!