Tell us in the comments below... UK insurers have paid out £28.6m per day in claims in 2016, according to the Association of British Insurers. The government has said it will not pay for any more private sector reinsurance, but is considering a move that would allow some companies to continue paying into public funds. With vehicles being equipped with more technology, the amount to fix after an accident has caused higher repair bills. The organisation also believes the average cost of comprehensive insurance has increased 9% in the past year alone.
UK insurers have paid out £28.6m per day in claims in 2016, according to the Association of British Insurers. The government has said it will not pay for any more private sector reinsurance, but is considering a move that would allow some companies to continue paying into public funds. With vehicles being equipped with more technology, the amount to fix after an accident has caused higher repair bills. The organisation also believes the average cost of comprehensive insurance has increased 9% in the past year alone.