• Publish Your article
  • Editorial Policy
  • Contact
  • Advertise
Thursday, October 30, 2025
No Result
View All Result
UK Herald
  • Home
  • Politics
  • Business
  • Entertainment
    • All
    • Sports
    England rugby stadium Twickenham given new name after more than 100 years in shock new deal

    England rugby stadium Twickenham given new name after more than 100 years in shock new deal

    Peter Morgan dead at 65: Former Wales and Lions rugby star who became a politician passes away as club pays tribute

    Peter Morgan dead at 65: Former Wales and Lions rugby star who became a politician passes away as club pays tribute

    Horse racing tips: Unexposed Group 1 contender can stun the big guns at 14-1

    Horse racing tips: Unexposed Group 1 contender can stun the big guns at 14-1

    Woman ‘raped seven times by two French rugby stars who left her riddled with bite marks & with horror injuries’

    Woman ‘raped seven times by two French rugby stars who left her riddled with bite marks & with horror injuries’

    Horse racing tips: Gary Moore’s charge can gain revenge after falling last time out

    Horse racing tips: Gary Moore’s charge can gain revenge after falling last time out

    Ian Buckett dead at 56: Former Wales rugby star who was ‘admired and feared equally’ dies as tributes pour in

    Ian Buckett dead at 56: Former Wales rugby star who was ‘admired and feared equally’ dies as tributes pour in

    Horse racing tips: Bash the bookies with these longshots including 9-1 fancy

    Horse racing tips: Bash the bookies with these longshots including 9-1 fancy

    Shayne Philpott dead at 58 – New Zealand All Blacks rugby legend dies after suffering ‘medical event’

    Shayne Philpott dead at 58 – New Zealand All Blacks rugby legend dies after suffering ‘medical event’

    Horse racing tips: This 7-1 chance appears to have been laid out for race he won last year

    Horse racing tips: This 7-1 chance appears to have been laid out for race he won last year

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    The ‘magnificent’ river trail 30 miles from London with quaint villages and a Michelin-starred pub

    The ‘magnificent’ river trail 30 miles from London with quaint villages and a Michelin-starred pub

    I went to a five-star health spa and realised the secret to long life is free

    I went to a five-star health spa and realised the secret to long life is free

    I visited this lesser-known European gem and spent just £300 in a week

    I visited this lesser-known European gem and spent just £300 in a week

    I stayed in Mauritius’ ‘magic place’ – this is my honest review

    I stayed in Mauritius’ ‘magic place’ – this is my honest review

    The exact dates you need to book off in 2026 to get 56 days of holiday

    The exact dates you need to book off in 2026 to get 56 days of holiday

    Italy’s ‘less glitzy’ gateway destination named one of 2026’s best places to visit

    Italy’s ‘less glitzy’ gateway destination named one of 2026’s best places to visit

    This historic Japanese city is hiking its tourist tax by 900% to stop you coming

    This historic Japanese city is hiking its tourist tax by 900% to stop you coming

    Major airline removes carry-on bag sizers from boarding gates

    Major airline removes carry-on bag sizers from boarding gates

    Qatar Airways Al Mourjan Business Lounge review: ‘It doesn’t get bigger than this…’

    Qatar Airways Al Mourjan Business Lounge review: ‘It doesn’t get bigger than this…’

    What is Bleach or Facial, Best for Skin?

    What is Bleach or Facial, Best for Skin?

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Health
  • Opinion
  • Science
  • Tech
  • Crypto
  • Travel
  • Real Estate
  • Sports
  • More
    • Press Release
UK Herald
No Result
View All Result

Millions of motorists 'priced out' of car insurance over the past year

by Justin Marsh
December 13, 2024
0
0
SHARES
Share on FacebookShare on TwitterReddit

SEI 186783601

Millions of motorists no longer drive in the UK because they have been priced out of the car insurance market, according to research.

Citizens Advice (CA) found that 2.6m people complain about the mounting cost of premiums.

This includes nearly 900,000 drivers who have had to cancel their cover in the past 12 months, in addition to 1.7 million people who have left the market for longer than a year.

if(window.adverts) { window.adverts.addToArray({“pos”: “inread-hb-ros-inews”}); }

The study said the price of car insurance rose 40 per cent in the past two years and found the average cost of car insurance for the last 12 months was £812 – but runaway costs are hitting some harder than others.

Young people (18-34) pay twice as much for car insurance as middle-aged adults (35-54) and 56 percent of them pay monthly for their premiums, which tend to be more expensive than an annual layout.

One in four people receiving benefits has fallen behind on their insurance payments in the past 12 months, compared with just over one in 10
(11 percent) of drivers overall.

They are also almost twice as likely to have had to borrow, cut back on essentials (33 percent), or fall behind on other bills (18 percent) to pay their car insurance.

if(window.adverts) { window.adverts.addToArray({“pos”: “mpu_mobile_l1”}); }
if(window.adverts) { window.adverts.addToArray({“pos”: “mpu_tablet_l1”}); }

The average cost of car premiums is £546 higher for ethnic minorities compared to white drivers.

CA chief executive Dame Clare Moriarty is concerned a hidden affordability crisis is affecting millions.

She said: “Car insurance is essential for so many people but a shocking number of people are excluded.

“Bold action must be taken to tackle skyrocketing costs. We need a market that works for everyone, leaving unaffordable insurance premiums behind once and for all.”

CA is concerned that some motorists may break the law by canceling their insurance but continuing to drive, affecting accident claims.

The latest survey comes after new data from the Financial Conduct Authority revealed the average British car insurance premium has risen by 21 per cent since June 2022 – much more than in France, Germany and Spain.

Earlier this year, Citizens Advice told the Transport Select Committee that some people are “having to make impossible choices of whether to pay for their car insurance or put food on the table”.

if(window.adverts) { window.adverts.addToArray({“pos”: “mpu_mobile_l2”}); }
if(window.adverts) { window.adverts.addToArray({“pos”: “mpu_tablet_l2”}); }

A spokesperson for the Association of British Insurers (ABI), an industry trade body said: “Insurers understand how vital driving is for everyday life, and want to do all they can to support motorists.

“Over the past 12 months, motor insurers have paid out £11.3bn in claims, and continue to face significant cost pressures from labor shortages, parts delays and broader price inflation. However, our latest data shows that the average cost of motor insurance dropped by 2 per cent in the third quarter of this year, which follows a 2 per cent drop in (the second quarter of) 2024.

“The industry is determined to keep motor insurance as competitively-priced as possible. Our 10-point road-map sets out steps that the industry and government can take to tackle insurance costs for all drivers, and we're also committed to playing our part in supporting the government's motor insurance taskforce.”

The ABI said it considers a wide range of risk-related factors when calculating the price of a car insurance policy, commonly including age, driver experience and the type of vehicle.

According to the ABI's figures, the average price paid between July to September for annual motor insurance was £612, which was £50 (9 per cent) higher than the same period in 2023.

The government has set up a task force jointly led by Transport Secretary Heidi Alexander and Tulip Siddiq, Economic Secretary to the Treasury. The taskforce also includes other departments such as the Ministry of Justice and Department for Education, plus the regulatory bodies the Financial Conduct Authority (FCA) and Competition and Markets Authority (CMA).

The taskforce also created a including insurance industry groups as well as consumer groups such as Citizens Advice and Which? together with the car manufacturers, the Society of Motor Manufacturers and Traders.

if(window.adverts) { window.adverts.addToArray({“pos”: “mpu_mobile_l3”}); }
if(window.adverts) { window.adverts.addToArray({“pos”: “mpu_tablet_l3”}); }

Source

Tags: 39pricedcarinsuranceMillionsmotoristsout39year

Related Posts

How to pull over safely for emergency vehicles

How to pull over safely for emergency vehicles

by Justin Marsh
October 19, 2025
0

The sound of approaching sirens, or flashing blue lights filling your mirrors, can confuse and fluster even the most experienced of drivers. Most of us know to move over for emergency service...

How to Drive Past Horses Safely on the Road

How to Drive Past Horses Safely on the Road

by Justin Marsh
October 13, 2025
0

Most Car Drivers Understand the need to pass a horse 'wide and slow'. Unfortunately, for some motorists, the message doesn it seems to have got through. Statistics from the British Horse Society...

MCLAREN 750S JC96 Edition is created special for japan

MCLAREN 750S JC96 Edition is created special for japan

by Justin Marsh
September 13, 2025
0

A new Limited Edition JC96 version of the mclaren 750s has been revealed, aimed solely at japanese enthusiasts. The 750s JC96 is a tribute to the mclaren f1 gtr race cars that...

30M Drivers Could Be Given Car-Finance Compensation Worth £ 18bn, MPS Told

30M Drivers Could Be Given Car-Finance Compensation Worth £ 18bn, MPS Told

by Justin Marsh
September 10, 2025
0

Millions of consumers could be eligible for compensation under the financial Watchdog's motor finance redress scheme, its boss sa.The Compensation Scheme was set up after the supreme court -right that some car...

Over 12,500 UK Streets Demand Urgent Access to EV Charging

Over 12,500 UK Streets Demand Urgent Access to EV Charging

by Justin Marsh
September 7, 2025
0

Things of UK Motorists are Demanding Better Access to on-Street Charging for Electric Vehicles. More than 12,500 drivers have registered a need for accessible charging devices Via Vauxhall's Electric Streets Scheme. FIRST...

Meet Colton Herta: America's Newest F1 Star

Meet Colton Herta: America's Newest F1 Star

by Justin Marsh
September 4, 2025
0

The Fledgling Cadillac Formula 1 Team Has Announced That Indycar Racer Colton Herta Will Serve as Its Official Test Driver for 2026. It marks a substantial change for a driver who has...

Next Post
ISRO sets another record, successfully launches European Space Agency's Proba-3 mission

ISRO sets another record, successfully launches European Space Agency's Proba-3 mission

Popular News

The regional investment summit: a welcome vision for growth – now let’s deliver it

The regional investment summit: a welcome vision for growth – now let’s deliver it

October 30, 2025
John Edwards dies aged 91: ‘One of the great writer reporters’

John Edwards dies aged 91: ‘One of the great writer reporters’

October 29, 2025
Caroline Dinenage: ‘The future of science is animal-free – Britain must not be left behind’

Caroline Dinenage: ‘The future of science is animal-free – Britain must not be left behind’

October 28, 2025
The ‘magnificent’ river trail 30 miles from London with quaint villages and a Michelin-starred pub

The ‘magnificent’ river trail 30 miles from London with quaint villages and a Michelin-starred pub

October 28, 2025
Andy Burnham criticises ‘climate of fear’ in Labour with vow to continue ‘debate’

Andy Burnham criticises ‘climate of fear’ in Labour with vow to continue ‘debate’

October 26, 2025
I went to a five-star health spa and realised the secret to long life is free

I went to a five-star health spa and realised the secret to long life is free

October 25, 2025
Starmer is governed by polls, not principles – voters can sense it

Starmer is governed by polls, not principles – voters can sense it

October 24, 2025
UK Herald

All Rights Reserved © UK HERALD - The Voice of UK

Important Links

  • Publish Your article
  • Editorial Policy
  • Contact
  • Advertise

...

No Result
View All Result
  • Home
  • Politics
  • UK News
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Health
  • Food

All Rights Reserved © UK HERALD - The Voice of UK