IPT increase to be passed on to policyholders warns ABI's Shepherd
The Association of British Insurers has warned price hikes as a result of the increase in insurance premium tax are inevitable as its quarterly average household premium tracker showed a further fall in the cost of home insurance.
An average combined building and contents policy cost 79 pence per day last quarter, according to the ABI's latest quarterly average household premium tracker.
The average annual premium paid for a
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