Cost of motor insurance in 2021 was at a six-year low

February 2022


Cost of motor insurance in 2021 was at a six-year low against backdrop of increasing cost pressures

According to the ABI’s latest Motor Insurance Premium Tracker the average price paid by motorists for their motor insurance in 2021 fell to its lowest level in six years. However, there is evidence that sustained cost pressures are beginning to impact the cost of cover.

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