Insurance Times

Motor premiums set to rocket by almost a third

Motor insurance premiums are set to rise by as much as 29% by January 2018, new analysis from ERS shows. The motor insurer expects the average premium for a standard car to rise by 20% to £360 over the rest of 2017, equivalent to a £60 increase, while taxi drivers can expect a 29% rise as increases of £720 push average premiums through the £3,000 barrier. The main driver of these increases is the cut in the personal injury discount rate to -0.75% from its previous level of 2.5%, announced by S
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