Crosswords1 min ago
Average Car Insurance In The Uk Now Over £500
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In this BBC report, based on 28 million policies, the average price was £511.
The report also states that the insurers paid out a total of £2.4 billion.
Well 28 million policies at an average of £511 works out at a total of £14.3 billion – so the motor insurance industry pocketed nearly 12 billion; or as a percentage of income, they paid out less than 20%.
What a rip off.
https:/
The report also states that the insurers paid out a total of £2.4 billion.
Well 28 million policies at an average of £511 works out at a total of £14.3 billion – so the motor insurance industry pocketed nearly 12 billion; or as a percentage of income, they paid out less than 20%.
What a rip off.
https:/
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Whilst I do sort of agree with your anger perhaps it would be better to have actual facts rather than cherry pick numbers to hyperbole your view?
Try this: https:/
Try this: https:/
From your link, "The industry paid out £2.4bn in all motor insurance claims - covering theft, vehicle repairs, and personal injury - in the first quarter of this year, up 14% from the same period last year, the organisation said."
As the £2.4bn is for one quarter, that equates to £9.6bn for a year or 67% of the income from premiums.
As the £2.4bn is for one quarter, that equates to £9.6bn for a year or 67% of the income from premiums.
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