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Car owners, look away now – one industry insider has warned that the average motor premium could rise to over £1,000 next year. The worrying prediction was made Confused.com, which estimates that premiums will creep up from the current £767 average due to hikes in insurance premium tax in June and.
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The average car insurance premium in the UK for comprehensive cover costs £485 a year, according to Association of British Insurers (ABI) data for the third quarter of 2017.
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Of all the changes you could make to your car, fitting a more powerful engine is the one that will see your insurance premiums sky rocket most.
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