Why is the cost of car insurance rising?
The rise means the cost of car insurance is now at the highest level seen since the last quarter of 2020, when premiums averaged £724. Alex Hasty of Compare the Market says: 'Drivers will be disappointed that premiums are less affordable than in previous years as household budgets continue to be impacted by rising fuel and energy costs.
Are car insurance rates rising in 2022?
Car insurance rates are rising in 2022 – What to do when car insurance rates go up? Car insurance rates are going up in 2022 across much of the country. Read on the article to learn why car insurance costs are increasing, how to prepare for a rate increase and get tips on how to keep your insurance affordable.
Are insurance companies planning to raise rates in the coming months?
A photo of the Don Valley Parkway in Toronto back in May. Many insurance companies are planning to raise rates in the coming months and industry insiders say that trend is likely to continue. (Alex Lupul/CBC)