Rising Car Insurance Costs in the UK Outpace European Counterparts: SNP Calls for Investigation

Are you a UK driver feeling the pinch when it comes to car insurance costs? You’re not alone. Recent analysis commissioned by the SNP has revealed that the average price of car insurance in the UK has more than doubled since 2015, a staggering increase that far surpasses other European countries.

While countries like Sweden, Spain, France, Germany, and The Netherlands have seen modest increases in car insurance costs, the UK has experienced a significant spike of over 100% in the same period. This disparity has raised concerns about fairness and transparency in the insurance market, with the SNP calling on the UK government to investigate the reasons behind this sharp rise.

One factor that has been suggested as a possible cause for the increase is Brexit, but other factors such as energy inflation, increased material costs, and expenses related to second-hand and courtesy cars may also be contributing to the higher premiums. Young drivers, in particular, have been hit hard by these rising costs, with 18-year-olds seeing a 70% annual increase in fees, averaging £3,145.

SNP economy spokesperson Drew Hendry has demanded answers from the UK government on why UK drivers are facing such exorbitant insurance fees compared to their European counterparts. The MP has called for immediate action to address this pricing disparity and ensure fairness in the insurance market.

If you’re feeling the financial strain of high car insurance premiums, you’re not alone. It’s time for the UK government to take action and address this issue to provide relief for drivers across the country. Stay informed on this important issue by signing up for the Daily Record Politics newsletter.