Car Insurance Premiums Increase 2024. London, january 16, 2024 — comprehensive car insurance premiums have increased sharply by 58% (£366) during the last 12 months, with uk motorists now paying £995 on. Analysts say cost of cover could increase 14% this year fuelling industry concern over premium cancellations.
The category rose 1.8% in april on a monthly basis and was up 22.6% from a year ago, the largest annual. Car insurance rates are up almost 21% for the 12 months ended in february, according to new consumer price index data released tuesday.