News

Insurers paying out £1.13m every hour in motor claims

By 2024-04-08T09:12:00

motor laptop

’Significant and sustained cost pressures faced by insurers, such as a 31% rise in repair costs over the last year, have impacted on the cost of cover,’ says manager

Motor insurers paid an average of £1.13m every hour in claims during 2023, new figures from the ABI have revealed.

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