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Car Insurance Costs Fall As Firms Eye Compensation Reform

Law360, London (April 16, 2018, 1:02 AM BST) -- U.K. car insurance premiums fell at their sharpest rate in four years between January and March as insurers anticipate a change to personal injury compensation calculators by April 2019, new data revealed on Monday.

Average prices fell by seven percent from £827 to £768, the biggest quarterly fall since 2014, according to data from broker Willis Towers Watson and comparison website Confused.com. The fall marks the first annual drop in prices since 2015.

Drivers are now paying £13, or two percent, less on average for their...
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