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You are here: Home / News / Association of British Insurers Reports Motor Insurance Claims Up 29% in Second Quarter, Cost of Vehicle Repairs Up 46%

Association of British Insurers Reports Motor Insurance Claims Up 29% in Second Quarter, Cost of Vehicle Repairs Up 46%

September 7, 2023 By CollisionWeek Editor

Motor insurers paid out £2.5 billion ($3.1 billion) in motor claims in the second quarter of this year, up 29% on the £2 billion paid in the same quarter last year according to latest Association of British Insurers (ABI) data published September 5. This was the highest quarterly figure since we started collecting data back in 2013. This rise exceeds the 21% increase in average motor insurance premium paid during the same period according to the ABI Motor Insurance Premium Tracker.

Between April 1 and 30 June 30 this year:

  • In total insurers paid out £2.5 billon in all motor
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Filed Under: News Tagged With: Association of British Insurers, Claim Severity, United Kingdom

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