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The Independent UK
The Independent UK
Business
Vicky Shaw

29% annual jump in average price paid for motor insurance

Insurance ABI
PA Archive

The average price paid for motor insurance leapt by 29% or £125 annually in the third quarter of this year to a record high, according to data from the Association of British Insurers (ABI).

The typical price paid for motor insurance from July to September 2023 was £561, the ABI said – the highest level since its records started in 2012.

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