Autumn Statement reaction: Car insurance premiums

RAC Insurance director Mark Godfrey said: “Anything that reduces the cost of car insurance for motorists has to be welcomed, but we should be cautious around the saving figure of £40-£50 a year on average policy costs as previous estimates of savings have been over-egged and one of the reasons behind recent increases in car insurance premiums across the market. The devil, of course, will be in the detail which we wait to see.

“It is ironic this announcement comes just three weeks after Insurance Premium Tax was raised by 3.5% to 9.5% which has started to increase costs for motorists. Perhaps the Chancellor should have delayed the IPT increase until there is clarity on how these proposals will soften the impact of this increase on motorists.”

Press office team

Press office team

For journalist enquiries only

Share

Latest stories

Website preview
Electric vehicle charge points at supermarkets increase by a third in 18 months
Six in ten of all supermarket EV locations now offer high-powered charging facilities
media.rac.co.uk
Website preview
RAC and RSTA call on Government to mandate preventative road maintenance training 
The RAC and the Road Surface Treatments Association (RSTA) have today written to the Government calling on it to introduce mandatory training for councils who carry out little or no maintenance to prevent potholes forming.
media.rac.co.uk
Website preview
Fuel prices fall in August after two months of rises - but drivers continue to pay over the odds at the pumps
Average pump prices fell by less than a penny in August ending two months of rises, new analysis by RAC Fuel Watch has found.
media.rac.co.uk

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About RAC Media Centre

The RAC Media Centre provides journalists and news outlets with the latest motoring-related news, comment, data and research.

The RAC is an iconic UK brand, and provides complete peace of mind to 15 million UK private and business drivers - whatever their motoring needs. As well as its premium nationwide breakdown assistance service – with an expert branded patrol workforce attending more than two million breakdowns every year – and European breakdown assistance products, it offers a wide range of market-leading products across insurance, legal services, vehicle inspections and service, maintenance and repair. Included in this is the first-of-its-kind nationwide Mobile Mechanics service which brings the garage to homes and workplaces. 

At the forefront of new solutions for business fleets and consumers, the RAC’s breakdown service is electric-ready with mobile EV charging technology and be called on using myRAC – its all-in-one route planner, fuel finder and breakdown reporting app

Contact

press.office@rac.co.uk

media.rac.co.uk