Claims costs drive an increase in van insurance premiums

car-repair

Claims costs have driven an average premium increase of 35.1% since April 2014, Consumer Intelligence has found.

Consumer Intelligence has warned that van insurance premiums could increase, despite prices dropping 0.2% last year.

It has found that premiums have climbed to £1109 in the three months to March.

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Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.

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