UK car insurance spike shifts focus to insurer profit margins
LONDON, June 25 - Car insurance prices in Britain have started to rise again, ending a two-year slide. For investors in Admiral Group, Aviva, and Sabre Insurance Group, it looks like the motor market has found its pricing floor even as claims inflation remains a risk. Car insurance costs ticked up again, as the average comprehensive motor policy climbed 1%—that’s £8—to £719 for the three months through May, numbers from the Confused.com Car Insurance Price Index and Willis Towers Watson show. The index is based on over 6 million quarterly quotes. Prices had dropped nine quarters in a row after peaking at £995 in December 2023.