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UK car insurance premiums increase by 6%, industry facing a “raft of challenges”: WTW

July 21, 2022

Comprehensive car insurance premiums have increased by 6% (£32) during the last 12 months, with UK motorists now paying £554 on average, according to data from WTW and Car Insurance Price Index.

WTW recently warned that UK motor claims inflation was on the rise, as the broker recently revealed that the average cost per claim in 2021 was £5349, up from £5037 the previous year.

Car insurance premiums have now seen consecutive annual increases over the last two quarters, following the implementation of the new FCA pricing rules on 1 January, 2022.

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