Analysis

Briefing: The trouble with motor insurance

By 2024-03-06T08:00:00

expensive motor insurance

Discriminatory pricing is evident in motor insurance premiums – the industry needs to come up with new ways to make this product more accessible and affordable

Sam White, chief executive of Stella Insurance and chair of Freedom Services Group, said on stage at the ABI’s conference on 27 February 2024 that insurance is “inherently discriminatory”, even if that’s not the intention.

And she’s not wrong – insurance is discriminatory and there are currently people in our society who are facing disproportionately higher insurance premiums as a result of that.

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