Pearson Ham has discovered common premium finance prices for motor and residential insurance coverage fell over the past yr but in addition revealed prices as excessive as 36.8%.
In September 2024 the common price of paying motor insurance coverage premium in month-to-month instalments was 10.7%, down from 11.9% in October 2023, in accordance with the evaluation.
Pearson Ham detailed dwelling insurance coverage prices have been additionally decrease because the market common was 8.3% in September 2024, a lower from 10%.
Pearson Ham welcomes the FCA’s efforts to make sure transparency and urges insurers to proceed refining their choices to make sure consistency and truthful worth for customers.
Premium finance prices for motor
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