The average cost of insuring the ten most popular models of car has leapt by £100, according to analysis from a price comparison site.
Comparethemarket.com said drivers typically paid a premium of £675 for their annual insurance between March and May this year – up from £575 in the same three months in 2021.
It blamed the surging value of second-hand cars and spare parts, given the supply chain disruption the global motor industry has seen that has put a severe dent in production of new vehicles too.
Rising premiums add to the cost of living squeeze on family budgets, with fuel prices still hovering at record levels.
