Car insurance premiums in the UK have increased sharply by 58% in 2023 with UK motorists now paying £995 on average, according to the latest Confused.com Car Insurance Price Index in association with broker WTW.
The Index recorded a £366 year-on-year increase from the £629 recorded in 2022. Car insurance premiums have now risen for nine straight quarters since the last three months of 2021, and recorded an average price rise of 8% (£71) in the final quarter of 2023.
Tim…
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