The average UK motor insurance premium remained nearly flat in the first quarter of 2026 at £560, but the average accidental damage claim climbed to £3,699 — up 8% from the prior quarter — as parts prices and increasing vehicle complexity continued to push repair costs higher, the Association of British Insurers reported April 30. […]
Association of British Insurers Reports Motor Insurance Claims Up 29% in Second Quarter, Cost of Vehicle Repairs Up 46%
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 […]
UK Motor Claims Fell 48% in the Second Quarter Compared to First
The average claim value reached a record high. As expected, the number of motor insurance claims notified to insurers in the second quarter of the year fell significantly according to figures out today from the Association of British Insurers (ABI). The fall largely reflected the lockdown period, when far fewer vehicle journeys were made. Claim […]
UK Insurers Report Collision Repair Costs Up 5% in 2018
Motor insurance pay-outs so far this year have reached a record level with over £23 million ($29.5 million) being paid every day, according to figures out today at the ABI’s Motor Conference. The pay-outs cover theft, own vehicle and third-party property damage, as well as personal injury compensation. Rising repair bills and theft claims are […]
Thatcham Research and ABI Say Carmaker Use of the Word ‘Autonomous’ Dangerous
Thatcham Research and the Association of British Insurers (ABI) issued an urgent call to carmakers and legislators for greater clarity around the capability of vehicles sold with technology that does more and more driving on behalf of motorists. The call comes in the wake of growing reports of people crashing while over-relying on technology which […]
Cost of Car Insurance in UK Costs 10% of a Young Driver’s Salary
Growth of injury claims and taxes drive higher costs for young people. All their salary for the year to date would go to pay auto insurance premiums. The Association of British Insurers (ABI) reported further evidence of the need to tackle rising motor insurance premiums – the cost of car insurance now gobbles up 10 […]
UK Insurance Association Calls for International Crash Data Standards for Autonomous Vehicles
Association of British Insurers and Thatcham call for standardized data set to help with liability assignment after a crash by an autonomous vehicle and to improve vehicle manufacturer systems. British insurers are leading efforts to have a standard set of data agreed at an international level which would be easily available in the event of […]