We think the price you pay for insurance should be linked as strongly as possible to what you actually do with your car. That’s the whole reason for our pay-per-mile approach. But the fact is, even if nothing’s changed for you there are a lot of other factors that can mean prices go up.
As we’re all (unfortunately) aware, inflation has been hitting the global economy hard. But inflation impacts different products and services differently. A lot of the costs that come with providing car insurance have gone up way above the general rate of inflation.
Because of shortages of parts and labor, repairs are much more expensive than they were a few years ago - and take longer to complete. As tend to happens in tough times, certain types of car crime have been on the up - which increases risk for everyone. And because of lack of supply, second car prices are very high - which makes them more expensive to replace like for like.
We know none of the above is your fault - but it does mean that, across the industry, prices are up on average. Fortunately, we’re not your average insurance provider. With us, whenever you’re driving less, you’re paying less. So, even if your quote has gone up, you could still end up saving money.