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Evening Standard
Evening Standard
Vicky Shaw

Record £11.7bn paid in motor claims in 2024 says Association of British Insurers

Motor insurers paid out a record £11.7 billion in car insurance claims in 2024, according to data from the Association of British Insurers (Ben Birchall/PA) - (PA Archive)

Motor insurers paid out a record £11.7 billion in car insurance claims in 2024, with the average cost of cover paid by drivers rising by £78 annually, according to data from the Association of British Insurers (ABI).

The body said rising theft and repair costs are continuing to have an impact on premiums.

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