The latest confused.com car insurance price index, in
association with Willis Towers Watson, has revealed that in Q4 2016
comprehensive car insurance premiums were 14 per cent more than in the same
period the year before.
The price data was based on almost two million customer
quotes and compares to a 6.9 per cent increase for the same period in
2015. An average comprehensive car
insurance premium is now £767.
It has been suggested that the increase in premiums is down
to a number of factors including the rise in IPT, increased repair bills as
cars get more sophisticated, and “ambulance chasing” lawyers. A spokesman from Willis Towers Watson said
there could be “an underlying slowdown in the rate of premium increases”, which
would be welcome news to motorists.