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Evening Standard
Evening Standard
Vicky Shaw

Motorists could save £50 on average following compensation change, firm predicts

PwC Mohammad Khan Shabana Mahmood Insurance
The average cost of motor cover could be set to fall by around £50 on average, according to an estimate by PwC following an announcement about changes to a compensation discount rate in England and Wales (Ben Birchall/PA) - (PA Archive)

The cost of motor cover could be set to fall by around £50 on average, actuaries have estimated, after a change to a key rate in England and Wales which helps to set injury compensation payouts.

When victims of life-changing injuries accept lump sum compensation, the rate is applied when calculating the payout.

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