Car insurance customers have become the new victims of stubborn UK inflation after the latest figures showed premiums up 43% on last year.
On top of spiralling mortgage and supermarket costs, May’s data from the Office for National Statistics (ONS) saw motor insurance far outstripping CPI inflation – at 43.1% compared to 8.7%.
Figures from the Association of British Insurers (ABI) put it lower at 16% in the first quarter of 2023. ABI only looks at what…
Comments are closed