Motor insurance premiums hit record high

Car

The average price of motor insurance has been pushed higher by the rising cost of vehicle repairs, according to Association of British Insurers analysis.

The latest ABI Premium Motor Insurance Tracker has revealed the average price of private comprehensive motor insurance has risen by 7% in Q2, leaving it at £511, the highest level since the ABI

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Labour promises to rip up red tape for insurers

Tulip Siddiq, shadow economic secretary to HM Treasury, has promised if the Labour party gets into power she will make sure regulation encourages growth and competitiveness in the insurance industry.

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