New figures released by the RAC show a marked increase in the overall costs of owning a car with higher insurance prices contributing to the rise.
The report, "Cost of Motoring" index, reveals that owning a car now costs more than £5,500 a year.
According to the report, average insurance premiums on a motor vehicle have risen from £389 to £412, an increase of 6%.
Other factors include fuel price increases, maintenance charge hikes and the introduction of congestion charges.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
