This week marks yet another enforced change on the general insurance industry. From the 1st of April brands must publish last year’s premium at renewal.
Once a quarter the market gets an update on what is happening with premiums. Whether you look at our own Consumer Intelligence insurance index or the AA’s British Insurance Premium index, one thing holds true, the price of motor insurance is rising.
The number of customers shopping around for Motor insurance has spiked since November 2015. This is as a direct result of the rise in insurance premium tax (IPT) and also a general rise in insurance premiums that took place in Q4-2015.