Reuters logo
BRIEF-UK motor premiums rise 9.3 pct in 2016-trade body
February 3, 2017 / 12:05 AM / 10 months ago

BRIEF-UK motor premiums rise 9.3 pct in 2016-trade body

*

LONDON, Feb 3 (Reuters) -

* UK motor insurance premiums rise 9.3 pct in 2016, Association of British Insurers says

* Average price paid for comprehensive policy 462 pounds ($579.16), record high

* Motor insurance premiums up 4.9 pct in Q4 from previous quarter

* Tax increases, increased repair costs, rising costs of whiplash claims behind price rises

* Concern Ministry of Justice will cut discount rate, which would add to size of lump sums payments for personal injury claims and push up insurance premiums. Decision due February.($1 = 0.7977 pounds)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below