• Publish Your article
  • Editorial Policy
  • Contact
  • Advertise
Saturday, July 12, 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
    UK company launches £5,000 sex cruise — these are the rules passengers must follow

    UK company launches £5,000 sex cruise — these are the rules passengers must follow

    Ryanair calls for ‘urgent’ reform as French air strikes stretch to four days 

    Ryanair calls for ‘urgent’ reform as French air strikes stretch to four days 

    Is it safe to travel to Crete? Latest tourist advice amid wildfire evacuations

    Is it safe to travel to Crete? Latest tourist advice amid wildfire evacuations

    Is it safe to travel to Turkey? Latest Foreign Office advice as wildfires rage in Izmir

    Is it safe to travel to Turkey? Latest Foreign Office advice as wildfires rage in Izmir

    I grew up in Yorkshire — here’s my insider’s guide to a weekend in the Dales

    I grew up in Yorkshire — here’s my insider’s guide to a weekend in the Dales

    All the food and drink banned on EasyJet, Ryanair, Jet2 and TUI flights

    All the food and drink banned on EasyJet, Ryanair, Jet2 and TUI flights

    ‘Just gorgeous’: Your favourite European islands that aren’t in Greece

    ‘Just gorgeous’: Your favourite European islands that aren’t in Greece

    ‘Charming’ city in Spain is a lesser-known gem with £40 flights and ‘hardly any tourists’

    ‘Charming’ city in Spain is a lesser-known gem with £40 flights and ‘hardly any tourists’

    Anti-tourism protesters have an important message — and it’s not for tourists

    Anti-tourism protesters have an important message — and it’s not for tourists

    ‘Ambitious’ new sleeper train will connect 100 European cities — with private rooms from £67

    ‘Ambitious’ new sleeper train will connect 100 European cities — with private rooms from £67

    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

Petrol Prices Near Four-Year Low

Petrol Prices Near Four-Year Low

by Justin Marsh
June 6, 2025
0

Motorists are paying the lowest price for petrol in four years access to latest rac data.Petrol Prices fell 2p a litre in may, the third conscious month of falling prices and the...

Hot wheels could request your car as a die-cast model

Hot wheels could request your car as a die-cast model

by Justin Marsh
May 31, 2025
0

Your car could become the next hot to the wheel-cash scale model, as the legends tour returns for 2025. Now in an its eight year, the hot wheels legends tour is a...

New Renult 4 EV to Cost £ 3,000 Less Than Rival Ford Puma

New Renult 4 EV to Cost £ 3,000 Less Than Rival Ford Puma

by Justin Marsh
May 28, 2025
0

Prices for the new renewal 4 e-tech has been announce-and the electric crossover will undercut key rivals in a competitive market. When order books open in July this year, the reborn, fully...

New 2026 Toyota Rav4 Revealed – Including Hot 300HP GR Sport

New 2026 Toyota Rav4 Revealed – Including Hot 300HP GR Sport

by Justin Marsh
May 25, 2025
0

The wraps are off the sixth-generation toyota Rav4. The new family suv delivers improved hybrid effectiense, and comes with toyota's arene infotainment system. Since the original Rav4 was launched in 1994, toyota...

Certas Energy Appoints a New Head of Fuel Cards

Certas Energy Appoints a New Head of Fuel Cards

by Justin Marsh
May 22, 2025
0

Certas Energy has appointed andrew goodwin (picture) as it's new head of fuel card, with time shepherd retiring after five years in the role. Goodwin is re-joining the company after working for...

Car Rental Firm Says Ev Demand Up 139% in a year

Car Rental Firm Says Ev Demand Up 139% in a year

by Justin Marsh
May 19, 2025
0

Car Rental Firm Europcar Reports EV RENTAL DAYS ROCKETED from 228K in 2023 to more than 1.2 million days in 2024 - A 139 Percent Increase. Europcar's 280,000-Scrong Fleet Also Now Comprises...

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

Journalist says 4,000 fake AI news websites created to game Google algorithms

Journalist says 4,000 fake AI news websites created to game Google algorithms

July 11, 2025
Farage urged to rule out Liz Truss joining Reform UK after ally’s defection

Farage urged to rule out Liz Truss joining Reform UK after ally’s defection

July 10, 2025
UK company launches £5,000 sex cruise — these are the rules passengers must follow

UK company launches £5,000 sex cruise — these are the rules passengers must follow

July 9, 2025
Three out of five people think Keir Starmer does not respect them, poll suggests

Three out of five people think Keir Starmer does not respect them, poll suggests

July 8, 2025
One year of Keir: why Starmer now faces a reckoning

One year of Keir: why Starmer now faces a reckoning

July 6, 2025
Ryanair calls for ‘urgent’ reform as French air strikes stretch to four days 

Ryanair calls for ‘urgent’ reform as French air strikes stretch to four days 

July 6, 2025

News diary 7-13 July: 7/7 bombings 20th anniversary, Netanyahu at White House, Macron state visit to UK

July 6, 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