Mon Feb 27, 2017 12:46 pm
Young people could be priced out of owning a car after insurers warned their annual premiums could rise by up to £1,000.
Drivers aged over 65 could also face an extra £300 charge, while the average comprehensive motor insurance policy could increase by up to £75 a year to cope with changes the Government has made to personal injury payouts.
Justice secretary Liz Truss announced that those affected by medical negligence, car crashes and other incidents will get more money after changes to the way lump sum payouts are calculated.
But the move will put increasing pressure on insurers, the NHS and other public bodies who are responsible for paying out the increased claims.
Ms Truss warned in her statement of the "significant implications across the public and private sector".
Mon Feb 27, 2017 1:14 pm
Mon Feb 27, 2017 1:30 pm
Mon Feb 27, 2017 1:48 pm
Mon Feb 27, 2017 7:03 pm
rebbonk wrote:How come car insurance is so much cheaper in other countries? - Just askin' like!
Wed Mar 01, 2017 9:35 am