Broker Taylor Price Direct Choice has criticised reports that private motor insurance is set to rise by up to 25% in 2001.
Managing partner Adrian Parry said that the claim made by Datamonitor was misleading.
He said: “This prediction takes into account the whole cross-section of insurance providers – what's the point of including rates that are not competitive?
“For example, an insurance company may well increase a premium from £400 to £500, but this is irrelevant if you can get the same cover from another insurer for £350,” he said.
Parry said his brokerage had seen premiums rise by only six per cent for some quotations, well under the 25% figure reported by Datamonitor.
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.
