Car insurance prices remain steady

According to the latest report from The AA, car insurance prices in the UK are unchanged since January 2012.

The average cost of insurance for British drivers is £1,542. Prices rose by up to 40% from 2010-2011, but the rise has halted in recent months.

The government has taken steps to reduce the impact of ‘no win, no fee’ lawyers, banning referral fees paid by lawyers to those who pass on the details of an accident.

“The industry is still having to deal with fraud as well as increasing numbers of personal injury claims, despite the number of crashes on Britain’s roads falling,” said Simon Douglas, the AA’s Director of Insurance.

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