News releasesStatementsPotholes & roadsRoad safetyService, maintenance & repairRAC newsFuel pricesElectric vehiclesAdverse weatherChancellor's BudgetsCivil enforcementConnected & autonomous vehiclesCrimeDriving in EuropeInsuranceLearning to driveParkingReport on MotoringTaxationTraffic predictions
StatementsInsurance

RAC reacts to proposals to change personal injury discount rate in England and Wales

Following news today that draft legislation has been put forward that would change the way in which the personal injury discount rate is set in England and Wales, head of RAC Insurance Martin Dyson said:

“This is good news for motorists as the price of car insurance has risen by around 10% in the last year with the Government’s change to the discount rate being a significant factor. This led to insurers having to make larger compensation payments which in turn the industry then had to fund in the only way it could by increasing premiums.

“The way the rate is to be set going forwards should be fair to those receiving compensation payments while also helping to ensure car insurance premiums are as affordable as possible.

“We welcome the announcement that the rate is to be reviewed at least every three years following consultation with an expert panel.”

Press office team

Press office team

For journalist enquiries only

Share

Latest stories

Website preview
Number of motorists caught driving unroadworthy vehicles jumps by more than 50% in just 12 months
Figures likely to be the ‘tip of the iceberg’
media.rac.co.uk
Website preview
Overhaul of road safety laws ‘much overdue’, experts say - RAC comment
Following the Government's plans to overhaul road safety laws, RAC head of policy Simon Williams said: "We look forward to seeing the detail of the Government’s forthcoming road safety strategy as too many lives are being lost on our roads every year. More clearly needs to be done to change that.
media.rac.co.uk
Website preview
Leicester’s Sean Kimberlin named as RAC Mobile Mechanic of the Year
Qualified engineer, specialist technician and cancer survivor Sean Kimberlin has been named as the RAC’s ‘Mobile Mechanic of the Year’ in its prestigious employee awards ceremony at Silverstone.
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 more than 14.5 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