LV sent me this before putting my insurance up £200. I will shop around before I commit.
Cost of vehicle repairs – up 32% since 2022. Reflecting rising costs, energy inflation and more expensive repairs (source: ABI).
Payouts for vehicle theft - up 35% since 2022 (source: ABI).
Labour costs for repairs – up 50% since 2019, due to inflation, shortage of skilled workers and the energy crisis (source: Auto Body Professionals).
Severe weather – Storms are getting worse and more frequent and it’s impacting motorists. Recent storms, Babet and Ciarán, saw many cars damaged by flash floods and falling trees/debris in the high winds.