The great car insurance con: Premiums soar to record high as prices hiked 50% in a year

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Car insurance premiums have rocketed by almost 50 per cent over the past year, with millennials and older drivers hit hardest.

Exclusive data from the analyst Consumer Intelligence, which looks at quotes from Confused.com, Go Compare, Compare the Market and MoneySuperMarket, reveals that average premiums rose by 48 per cent on average in the 12 months to June 2023. Premiums are now at their highest since the start of 2018.