Must be on account of the 'surance shortage.
this post was submitted on 16 Jan 2024
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Gotta open some more insurance mines
This is the best summary I could come up with:
The staggering rise in the cost of car insurance was been one of the big drivers of inflation, which last year hit a 40-year high.
The site, in conjunction with the data firm WTW, compared more than 6m car insurance quotes, and averaged the five cheapest sums to come up with its index.
All drivers up to the age of 43 can expect to pay £1,000 or more for their car insurance, on average, the study said.
In August, Admiral announced it had raised prices by 20% during the first half of the year in response to high inflation and repair costs.
Louise Thomas, a motoring expert at Confused.com, said: “Like a lot of our expenses, car insurance is getting more costly.
Things like increasing security, reviewing how many miles you drive or adjusting your excess could bring your overall cost down.
The original article contains 491 words, the summary contains 142 words. Saved 71%. I'm a bot and I'm open source!