The governments imposition of a higher rate of IPT appears to be being passed on to consumers as average motor rates rise on average 10.9%.Is this something we can expect to see across the industry?
insurance costs are accelerating as the introduction of higher Insurance Premium Tax has sent recent price cuts into reverse according to the findings of analysis by Consumer Intelligence. The insurance market research company compared the prices offered for 3,600 people by all the major aggregators and "key" direct insurers.