In the News
Why is car insurance becoming so expensive?
26th January 2024
The cost of car insurance in the UK is soaring. Average comprehensive cover is now over £560– a third more than the same time in 2022, according to the Association of British Insurers. This short looks at a few of the reasons.
This article highlights a practice in the insurance company which discriminates against lower income consumers who can't afford to pay their insurance premium in one go.
As a result, they are effectively paying 30% more for their insurance, and their welfare is being transferred away from consumers to the firms.
Download your free resource.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Micro Finance (Revision Presentation)
Teaching PowerPoints
Technology cuts insurance costs for young drivers
29th September 2015
Why healthy people have high coverage and those most at risk don’t
2nd February 2017
Swinton closes branches as consumers move online
28th April 2017
Is telematics the future of car insurance?
17th August 2017
Contestable Markets - Amazon launches Amazon Insurance Store
19th October 2022
Quick Revision Blasts on Market Structures
4th May 2023