Motor claims payouts near £12bn in 2024
Motor insurers paid out £11.7bn in private car insurance claims in 2024, which the Association of British Insurers said is a record amount since it started collecting this data in 2013.
The ABI puts this down to increases in theft and repair costs which continued to impact premiums.
MovementsThe ABI recorded the average cost of motor cover in the final quarter of the year at £621
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