Average Car Insurance Premium Could Top £1,000 Next Year

By Holly Brockwell on at

Car insurance premiums are on the rise, and seem set to surge past previous records and set eye-watering new ones, according to a comparison site.

Confused.com says drivers using the site to set up a comprehensive policy paid an average of £781 in the last year, £110 higher than it was the previous year. The rise is apparently a combination of changing compensation payments to accident victims, and higher repair costs due to increasingly techtastic cars.

That's understandable, given that what might have been a simple repair job in years past can now involve cameras and sensors and Xzibit-style speakers on speakers.

Amanda Stretton, motoring editor at Confused.com, told the BBC there's worse to come:

"As the industry adapts to additional pressures... we could be on course to drive past the £858 peak we saw in 2011.

As car insurance costs continue to climb, average premiums could even break the £1,000 barrier by next year."

We'll see you at the bus stop, then. [BBC]

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