The common motor insurance coverage premium fell by 2% in April to June in comparison with the primary quarter of 2024, in accordance with the most recent information from the Affiliation of British Insurers.
The drop reversed the course of journey from the 1% rise within the first quarter of the 12 months and took the common premium paid to £622.
Nonetheless, this value was nonetheless up on an annual foundation, 21% increased than the identical interval in 2023.
It was the primary quarterly discount measured by the commerce physique in two years and in step with the outcomes from WTW/Confused.
WTW/Confused posted a 6% decline. It had first discovered a swap from rises to decreases beginning in Q1 after a run of 9 straight quarters of hikes
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