What happened to the promise that insurance premiums would drop if fixed costs came in?
Motor premiums have leapt to a record high – and few solicitors will be surprised by what the industry’s lobbyists want the government to do about it. The Association of British Insurers said the cost of motor insurance has accelerated to an average of £485 a year. That represents an increase of £45 on the same point last year, based on the ABI’s latest motor premium tracker, and leaves costs at the highest level since the figures were first collated in 2012. The ABI does not cite personal injury claims as factors behind the latest rise, noting instead that insurance premium tax has doubled in two years and average repair bills are up by a third in the last four years. But the organisation still urges the government to push through proposals to impose a tariff fo