The 21.1 per cent increase - up from £733 in 2021 - means motorists across the UK are paying the most for their car insurance since Consumer Intelligence began its price index in 2013.
It is being blamed on a shortage of new and used cars, which has pushed up the cost of replacing vehicles involved in claims, Consumer Intelligence says.
The insurance sector has also been hit by rocketing prices for motor repairs, parts and labour, which have sent claims costs rocketing.
This story is from the March 30, 2023 edition of Daily Express.
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This story is from the March 30, 2023 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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