Insurance Post

UK motor prices to remain flat in 2016, as insurers drive competition

Photo of a crowded escalator in the London Underground

Increasing competition from insurers will cause prices for UK motor insurance to stay flat throughout 2016, according to a Macquarie report.

Prices for the first quarter of the year have stabilised while claims inflation remains at 4-5%, following prices rises in the second half of 2015, the report said.

Midsized UK motor insurers, esure

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