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Average motor insurance costs saw largest recorded year-on-year jump – Consumer Intelligence

By 2023-03-29T09:32:00

price increase, spending increase

Premiums decreased for under 25s, while costs increased significantly for those aged over 50

The average cost of motor insurance has increased by 21.1% in the past year – boosting consumers’ annual bills to £929, highlighted Consumer Intelligence’s latest motor insurance price index, published today (29 March 2023).

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