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UK car insurance premiums increase by 6%, industry facing a “raft of challenges”: WTW

  • September 7, 2022

Comprehensive car insurance premiums have increased by 6% (£32) during the last 12 months, with UK motorists now paying £554 on average, according to data from WTW and Confused.com Car Insurance Price Index.

Car lot imageWTW recently warned that UK motor claims inflation was on the rise, as the broker recently revealed that the average cost per claim in 2021 was £5349, up from £5037 the previous year.

Car insurance premiums have now seen consecutive annual increases over the last two quarters, following the implementation of the new FCA pricing rules on 1 January, 2022.

Motor insurance premiums have now also risen for three quarters in a row, with a marginal rise of 1% (£4) recorded in the last three months.

Further data shows that from April to June 2022, the cost of comprehensive car insurance increased the most in Outer London, where drivers saw a quarterly rise of 3% (£17), with average premiums now costing £704.

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However, drivers within the South of England benefited from the greatest quarterly drop in prices, with their insurance premiums decreasing on average by 1% to £437.

Meanwhile, Inner London still remains the most expensive region within the UK, with prices now on average £882 having increased in the last quarter by 2% (£18).

Manchester and Merseyside (£701) continues to be the most expensive area outside of the capital (£701), and only marginally less expensive than average premium prices in Outer London (£704).

In addition, the Scottish Borders retains its position as the cheapest region for car insurance, with prices averaging at £366, closely followed by the South West of England (£373).

Moreover, motorists in Enfield, Motherwell and Lancaster experienced the sharpest quarterly rise of 4% taking their average premiums to £730, £490 and £425 respectively.

West Central London (£1,046) continues to be the most expensive

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UP govt launches special drive to provide crop insurance to farmers

  • July 5, 2022


The Uttar Pradesh government will be launching a special drive to provide insurance coverage to farmers against potential crop damage.

The drive, slated to begin from the first week of July by the agriculture department, will be flagged off by Agriculture Minister Surya Pratap Shahi.

It will cover those development blocks which have lower farm insurance coverage under the Centre’s ambitious PM Crop Insurance Scheme (PMCIS).

According to UP government sources, till date, compensation of Rs 3,074.6 crore has been deposited in the accounts of 27.5 lakh farmers in UP under PMCIS.

This includes payment of crop compensation of Rs 654.8 crore to over 7 lakh farmers in Kharif season 2021. In Rabi 2021-22, an area of ​​14.2 lakh hectares has been insured by 19.9 lakh farmers.

According to a directive issued by additional chief secretary, agriculture, Devesh Chaturvedi, the drive would cover selected development blocks in the eight aspirational districts – Bahraich (Risia block), Shravasti (Sirsia), Balrampur (Utraula), Siddharth Nagar (Latan), Fatehpur (Bijaipur), Chitrakoot (Ramnagar) and Chandauli (Niyamtabad).

The value of damage incurred to crops in UP is more than doubled between 2018-19 and 2019-20, as per Union agriculture ministry data.

Prepared on the basis of state-wise business statistics as on August 31 last year, the data shows that the reported crop loss claims shot up from around Rs 470 crore in 2018-19 to over Rs 1,116 crore in 2019-20.

As against the claimed loss, the paid claims amounted to Rs 1,092 crore in 2019-20 as against around Rs 40 crore in 2018-19. The number of farmers who benefitted from the PMCIS rose from 6 lakhs in 2018-19 to over 9 lakhs in 2019-20, the data shows.

Sources said farmers‘ participation in the crop insurance scheme

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Special drive in UP to provide crop insurance to farmers

  • July 5, 2022
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Published: Published Date – 09:57 AM, Wed – 29 June 22

Special drive in UP to provide <a href=crop insurance to farmers“/

Lucknow: The Uttar Pradesh government will be launching a special drive to provide insurance coverage to farmers against potential crop damage.

The drive, slated to begin from the first week of July by the agriculture department, will be flagged off by Agriculture Minister Surya Pratap Shahi.

It will cover those development blocks which have lower farm insurance coverage under the Centre’s ambitious PM Crop Insurance Scheme (PMCIS).

According to UP government sources, till date, compensation of Rs 3,074.6 crore has been deposited in the accounts of 27.5 lakh farmers in UP under PMCIS.

This includes payment of crop compensation of Rs 654.8 crore to over 7 lakh farmers in Kharif season 2021. In Rabi 2021-22, an area of ​​14.2 lakh hectares has been insured by 19.9 lakh farmers.

According to a directive issued by additional chief secretary, agriculture, Devesh Chaturvedi, the drive would cover selected development blocks in the eight aspirational districts – Bahraich (Risia block), Shravasti (Sirsia), Balrampur (Utraula), Siddharth Nagar (Latan), Fatehpur (Bijaipur), Chitrakoot (Ramnagar) and Chandauli (Niyamtabad).

The value of damage incurred to crops in UP is more than doubled between 2018-19 and 2019-20, as per Union agriculture ministry data.

Prepared on the basis of state-wise business statistics as on August 31 last year, the data shows that the reported crop loss claims shot up from around Rs 470 crore in 2018-19 to over Rs 1,116 crore in 2019-20.

As against the claimed loss, the paid claims amounted to Rs 1,092 crore in 2019-20 as against around Rs 40 crore in 2018-19. The number of farmers who benefitted from the PMCIS rose from 6 lakhs in 2018-19 to over 9 lakhs in 2019-20, the data shows.

Sources said farmers’ participation

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