Your Money: No silver bullet on car insurance costs

Motor insurance costs jumped by 70 per cent between January 2014 and July of last year. A recently-published government report has set out a plan to tackle the problems in the market, but policymakers have cautioned that there’s no silver bullet. What lies ahead? And how can consumers get the best deal, given the market conditions they face?

22nd January, 2017
Your Money: No silver bullet on car insurance costs

When it comes to managing your personal finances, the thought of having to renew your motor insurance fills many with trepidation.

A sudden unexpected spike in the cost of motor insurance can put a real dent in your budget.

A cause of great frustration is the apparent randomness with which insurers not only slap a massive increase on responsible drivers with little or no history of claims, but then refuse to explain to the customer...

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